According to a local newspaper, the Russian Ministry of Energy, the Ministry of Digital Development, and the Federal Tax Service have compiled a “registry” that has been sent to regions with increased mining activity. An official of the Finance Ministry, Ivan Chebeskov, stated that despite certain laws being adopted, only 30% of miners had signed […]
Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report Read More »
The Russian government has extended its winter ban on local crypto mining operations to six years as energy consumption in the country rises to alarming levels. About a month ago, the government ordered crypto mining entities to pause their operations for the winter season. However, the ban has now been extended. According to a report
Russia Extends Regional Crypto Mining Ban to 6 Years as Energy Issues Escalate Read More »
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
Russia Moves to Legalize Cryptocurrency Payments Amid Sanctions Pressure: Report Read More »
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
Russia FATF Rating Downgraded Due to ‘Insufficient Crypto Regulation’ Read More »
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
Russia Will Begin Collecting Taxes in Digital Rubles from 2025 Read More »
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
Russia Poised to Let Miners Sell Coins Abroad as ‘Exports’ Read More »
