WebMar 11, 2024 · The bill provides that cryptocurrencies would be treated as property for tax purposes. [18] Users of cryptocurrencies will be required to file a declaration if … WebFeb 24, 2024 · Cryptocurrency exchanges will need to have no less than 100 million rubles ($1.2 million) in assets and professional traders no less than 50 million rubles in assets to be approved for trading. It ...
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WebMar 9, 2024 · The Federal Tax Service will have the right to demand bank statements of individuals suspected of illegal transactions with cryptocurrency, they will be fined 50,000 rubles and recover 10% of the undeclared amount. If the bill proposed by the Ministry of Finance is adopted, legislators will amend the Criminal Code, the Tax Code and other laws. WebJust two years earlier on the 1st of April, 2014, the Russian Ministry of Finance published a legal draft aimed at banning ‘monetary surrogates,’ essentially making cryptocurrencies illegal to be used, issued, sold or bought in Russia. However, the ban was never issued, and the Federal Tax Service (a separate agency within the Ministry of ... small snake with arms
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WebOver the past few years, the status of cryptocurrency regulation in the Russian Federation has been controversial. Several different institutions and heads of organizations gave … WebFeb 15, 2024 · Russia wants all crypto transactions in the country to take place through licensed and locally registered entities. Also, large crypto transactions exceeding 600,000 … WebApr 20, 2024 · The Russian Federal Tax Service has made a suggestion for the bill “On Digital Currency,” proposing that entities be allowed to engage in foreign trade using bitcoin and crypto. This recommendation comes after the Ministry of Finance submitted a draft bill earlier this year which also discussed bitcoin mining. small snake temporary tattoo