The Russian government has approved a federal bill for new taxes on cryptocurrency transactions. Approved by the country’s upper house of parliament, the Federation Council, on November 27, the law imposes between 13%-15% personal income tax on cryptocurrency sales.
The bill recognises digital currency as property.
Mining activities have been made exempt from value-added tax (VAT). However, mining operators have to report necessary details about the crypto mining services to local authorities or pay a…
