All by tag: Russia

Transactions on the sale of digital assets will be subject to VAT, and the introduction of personal income tax and corporate income tax is provided for income from the sale

The department noted that terrorism, extremism, and cybercrime are being financed with digital assets

In June, the cryptocurrency mining market collapsed five times compared to March 2022

In total, about 100 people were affected, who placed mining rigs worth from 1 million rubles

Top industry news and in-depth analysis of digital assets in GetBlock Magazine's weekly review

The statute of limitations for bringing to justice, according to the document, is one year from the date of the offense

Olga Skorobogatova, First Deputy Governor of the Bank of Russia, also added that a roadmap for implementing the asset into the financial system will appear at the end of 2023

In the second phase of the pilot launch, the asset will be integrated into smart contracts

The institute’s analysts argue that economic sanctions will be ineffective against such an asset

Top industry news and in-depth analysis of digital assets in GetBlock Magazine's weekly review

The department suggests that digital assets should not be used as a means of payment, but that transactions should be formalized as barter in private transactions

Over the next two years, the data center operator intends to increase its capacity to 2 GW