Russia’s Duma unanimously approves Putin’s constitution shake-up
On March 5, the State Duma of Russia adopted the bill in the second reading «About digital rights», forming the regulatory framework for regulating the digital economy.
The document provides for the introduction of amendments to the Civil Code of the Russian Federation, in particular, Article 141.1 will be added to it. «Digital rights».
The bill establishes the basic concepts for regulating relationships in the digital economy, allowing to consider issues of legal protection, responsibility and guarantees for all entities in this area..
The concept of digital law itself is also introduced, and its objects are determined, such as cryptocurrencies, self-executing transactions, tokens, their turnover, as well as a place in the civil rights system..
Expression of will in electronic form or with the help of other technical means will be equated to a written agreement.
This will legitimize any transactions based on smart contracts, digital powers of attorney and voting ballots..
However, even during the first reading, points related to digital money were excluded from the text of the bill, since this topic causes serious discussions and working groups have different points of view..
It has also recently become known that The State Duma plans to expand the definition digital financial assets in the new edition of the corresponding draft law.
text: Ivan Malichenko, photo: State Duma of the Russian Federation