Russia – Coin HD

Russia Moves to Legalize Cryptocurrency Payments Amid Sanctions Pressure: Report

According to a Bloomberg Report, Russia will soon legalize the use of cryptocurrencies for payments. This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions over the war in Ukraine. Details on the New Bill and Legislation On Tuesday, Lawmakers in the State Duma, Russia’s […]

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Russia FATF Rating Downgraded Due to ‘Insufficient Crypto Regulation’

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Last updated: February 29, 2024 18:30 EST | 2 min read The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a

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Russia Will Begin Collecting Taxes in Digital Rubles from 2025

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Source: Valery/Adobe Russian tax authorities will start collecting taxes in digital rubles from 2025, with banks also handed powers to block “suspicious-looking” CBDC transactions. Per the media outlet Klerk, recent tax code amendments – signed into law by President Vladimir Putin late last year – Russian tax authorities will “switch to collecting taxes in digital

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Russia Poised to Let Miners Sell Coins Abroad as ‘Exports’

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Source: artiemedvedev/Adobe Russian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said. Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future of Digital Finance.” Chebeskov said that the ministry had prepared a

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