All by tag: Taxation

Under the new bill, all licensed exchanges will be required to pay a 2% tax on digital services

The head of the exchange noted that the country is attractive with a small tax rate

The project is run jointly with Blockstream and Bitfinex

Each "broker" of digital assets must report on customers’ transactions in cryptocurrency in the amount of more than $10 000

The LDPR representative noted that the government has still not found a solution regarding the legal framework for cryptocurrency mining

The government plans to equate assets with securities and introduce the corresponding taxation

She noted that the company was critical of bitcoin futures ETF in terms of tax implications

Recommendations include clarification of new provisions on income tax on cryptocurrency and benefits for “green” miners

All virtual assets, except NFT, are subject to the act

The State Duma approved in the first reading a bill on taxation of cryptocurrency owners, and the Federal Service on financial monitoring of the Russian Federation (Rosfinmonitoring) will be able to track transactions with digital money and deanonymize market participants