Legal policy of the people’s bank of the china with respect to investment by virtual token

Abstract

he article contains recommendations for improving the draft Federal Law No. 419059-7 “On Digital Financial Assets”. For this, the author proposes to use the experience of China in the field of legal regulation of digital technologies. In particular, the author has described in detail the Official Notice of the People’s Bank of China "On Prevention of Risks Arising from Bitcoin" dated 12/06/2013, the purpose of which is to prevent the uncontrolled withdrawal of capital from the country, concealment of funds, money laundering and money laundering. China is also in no hurry to allow ICOs until legislation is developed that fully takes into account all the risks of using digital tokens, which follows, for example, from the text of the Notice “On measures to prevent the risks associated with the issuance of tokens in order to attract financing."