Bitcoin
Bitcoin (BTC)
$98,279.00 3.15793
Bitcoin price
Ethereum
Ethereum (ETH)
$3,637.39 1.9972
Ethereum price
BNB
BNB (BNB)
$661.41 1.57029
BNB price
Solana
Solana (SOL)
$245.62 4.38169
Solana price
XRP
XRP (XRP)
$1.74 18.59249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000262 3.7577
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000209 8.24515
Pepe price
Bonk
Bonk (BONK)
$0.0000466 9.30261
Bonk price
dogwifhat
dogwifhat (WIF)
$3.26 7.36254
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 10.11682
Popcat price
Bitcoin
Bitcoin (BTC)
$98,279.00 3.15793
Bitcoin price
Ethereum
Ethereum (ETH)
$3,637.39 1.9972
Ethereum price
BNB
BNB (BNB)
$661.41 1.57029
BNB price
Solana
Solana (SOL)
$245.62 4.38169
Solana price
XRP
XRP (XRP)
$1.74 18.59249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000262 3.7577
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000209 8.24515
Pepe price
Bonk
Bonk (BONK)
$0.0000466 9.30261
Bonk price
dogwifhat
dogwifhat (WIF)
$3.26 7.36254
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 10.11682
Popcat price
Bitcoin
Bitcoin (BTC)
$98,279.00 3.15793
Bitcoin price
Ethereum
Ethereum (ETH)
$3,637.39 1.9972
Ethereum price
BNB
BNB (BNB)
$661.41 1.57029
BNB price
Solana
Solana (SOL)
$245.62 4.38169
Solana price
XRP
XRP (XRP)
$1.74 18.59249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000262 3.7577
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000209 8.24515
Pepe price
Bonk
Bonk (BONK)
$0.0000466 9.30261
Bonk price
dogwifhat
dogwifhat (WIF)
$3.26 7.36254
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 10.11682
Popcat price
Bitcoin
Bitcoin (BTC)
$98,279.00 3.15793
Bitcoin price
Ethereum
Ethereum (ETH)
$3,637.39 1.9972
Ethereum price
BNB
BNB (BNB)
$661.41 1.57029
BNB price
Solana
Solana (SOL)
$245.62 4.38169
Solana price
XRP
XRP (XRP)
$1.74 18.59249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000262 3.7577
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000209 8.24515
Pepe price
Bonk
Bonk (BONK)
$0.0000466 9.30261
Bonk price
dogwifhat
dogwifhat (WIF)
$3.26 7.36254
dogwifhat price
Popcat
Popcat (POPCAT)
$1.38 10.11682
Popcat price

Russia officially recognizes crypto as property with new tax law

russia-officially-recognizes-crypto-as-property-with-new-tax-law
Edited by
News
Russia officially recognizes crypto as property with new tax law

Russian President Vladimir Putin has signed into law a federal bill introducing taxes on cryptocurrency transactions and officially recognizing cryptocurrencies as property.

According to the official document published on Nov. 29, the legislation imposes a personal income tax of 13%–15% on cryptocurrency sales and exempts mining operations from value-added tax.

Further, it mandates mining infrastructure operators to report details of their services to local authorities, with non-compliance resulting in fines of 40,000 rubles (approximately $383).

The bill also classifies digital currencies, including those used in foreign trade agreements under Russia’s experimental legal crypto regime, as property, granting them legal recognition.

Cryptocurrency obtained through mining will be treated as income in kind, with its value determined based on market rates. 

Such income will be taxed under a progressive scale, with rates of 13% for income up to 2.4 million rubles and 15% for income exceeding this threshold. At the same time, mining-related expenses will qualify for tax deductions.

Additionally, corporate profits from cryptocurrency mining will be subject to the standard corporate tax rate, which is set to increase to 25% starting in 2025.

The law also imposes limits on tax regimes for organizations and individual entrepreneurs involved in mining or cryptocurrency sales. They are not allowed to switch to simplified or specialized taxation systems, including the single agricultural tax, the patent system, the self-employed taxation framework, or the automated simplified taxation system. 

On Aug. 8, 2024, President Vladimir Putin signed legislation legalizing cryptocurrency mining in Russia. The law, effective Nov. 1, 2024, permits only registered Russian legal entities and individual entrepreneurs to participate in mining activities.

Those with entrepreneur status are able to mine Bitcoin with a consumption limit of 6,000 Kw/h per month, while some regions face temporary restrictions due to energy consumption concerns.

Meanwhile, increased regulatory clarity in Russia is driving demand for cryptocurrencies. As reported by crypto.news, traffic towards prominent crypto exchanges in the nation surged over 8% in November.