Russia’s legislative framework for digital assets took a significant step forward this week as the State Duma, the lower house of parliament, approved the first reading of a government-proposed amendment on cryptocurrency taxation. The bill, reported by Bits.media, aims to establish a clearer and more structured tax regime for digital currency transactions within the country.

Key Provisions of the Initial Bill

The proposed legislation introduces a specific method for calculating the tax base for cryptocurrency transactions. Under the current draft, the taxable amount would be determined by the difference between the sale price and the acquisition cost of the digital asset. This approach mirrors traditional capital gains taxation,…