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🌍💸 Russia’s New Crypto Tax Rules: What You Need to Know! 🇷🇺🔥
Big changes are happening in the world of crypto, and Russiais making headlines! 🚨 The government has announced new tax regulations for cryptocurrency transactions and mining. Let’s break it down:
💡 Key Updates on Crypto in Russia
✅ 15% Tax on Crypto Income:
Both transactions and mining income will now be taxed at 15%.
✅ Mining Expenses Deductible:
Good news for miners—expenses related to mining activities can be deducted from taxable income.
✅ No VAT on Crypto Transactions:
Transactions remain exempt from VAT, but crypto income will be taxed like securities.
🤔 Why These Changes Matter
The Russian government aims to balance state revenue and private sector mining growth, especially as Western sanctions push the country towards embracing cryptocurrencies.
💥 From Sanctions to Solutions:
Russia, a leading member of #BRICS, is focusing on increasing trade with non-USD currencies—a major win for the global crypto landscape.
🌟 What It Means for Crypto Enthusiasts
1️⃣ More Legitimacy: Crypto transactions are gaining official recognition in Russia’s financial ecosystem.
2️⃣ Opportunities for Miners: The deduction of mining costs could attract more miners to the region.
3️⃣ Global Impact: As Russia embraces crypto for trade, the shift away from USD dominance becomes more real.
🚀 Stay Ahead with Binance
Whether you’re a trader, miner, or crypto enthusiast, staying updated on global regulations is crucial.
💎 Explore Binance: Your trusted platform for trading, staking, and staying ahead in the crypto revolution.
👉 Join the global crypto community and take control of your financial future today!
#Binancepen_spark #CryptoNewss #RussiaRising #CryptoMining⚡🏭🇺🇸🤝 #BRICSinfo
💡 Key Updates on Crypto in Russia
✅ 15% Tax on Crypto Income:
Both transactions and mining income will now be taxed at 15%.
✅ Mining Expenses Deductible:
Good news for miners—expenses related to mining activities can be deducted from taxable income.
✅ No VAT on Crypto Transactions:
Transactions remain exempt from VAT, but crypto income will be taxed like securities.
🤔 Why These Changes Matter
The Russian government aims to balance state revenue and private sector mining growth, especially as Western sanctions push the country towards embracing cryptocurrencies.
💥 From Sanctions to Solutions:
Russia, a leading member of #BRICS, is focusing on increasing trade with non-USD currencies—a major win for the global crypto landscape.
🌟 What It Means for Crypto Enthusiasts
1️⃣ More Legitimacy: Crypto transactions are gaining official recognition in Russia’s financial ecosystem.
2️⃣ Opportunities for Miners: The deduction of mining costs could attract more miners to the region.
3️⃣ Global Impact: As Russia embraces crypto for trade, the shift away from USD dominance becomes more real.
🚀 Stay Ahead with Binance
Whether you’re a trader, miner, or crypto enthusiast, staying updated on global regulations is crucial.
💎 Explore Binance: Your trusted platform for trading, staking, and staying ahead in the crypto revolution.
👉 Join the global crypto community and take control of your financial future today!
#Binancepen_spark #CryptoNewss #RussiaRising #CryptoMining⚡🏭🇺🇸🤝 #BRICSinfo
🚨What happened in Crypto in the last 12h?🚨
• Israel officially launches attack on Iran. #BRICSinfo
• Coinbase International has announced the listing of $WIF perpetual futures on April 25.
• $APT - Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend.
• $AMB - Airdao reveals the 'Star Fleet' initiative, long-term strategic plan to launch new products in 2024.
• $ASM - Assemble Protocol has announced that it will be rebranding in May.
• $BNB - Binance is launching Binance Megadrop, a new token launch platform. The first project will be Bouncebit $BB, a BTC restaking chain.-
• $INJ - Injective is collaboration with Jambo, a Web3 mobile infrastructure company.
• $LSK - Lisk has teased that plan is to announce snapshot height next week.
• $NTRN - #astroport_fi migration to Neutron has been completed.
• $NIBI - Nibiru Chain launches $15M Nibiru Builder Grants Program.
• $STX - Binance will support the Stack's Nakamoto upgrade. The network upgrade and hard fork will take place on April 22.
• $XCH - Chia project has made progress toward an IPO, according to coindesk.
• Israel officially launches attack on Iran. #BRICSinfo
• Coinbase International has announced the listing of $WIF perpetual futures on April 25.
• $APT - Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to build out institutional platform Aptos Ascend.
• $AMB - Airdao reveals the 'Star Fleet' initiative, long-term strategic plan to launch new products in 2024.
• $ASM - Assemble Protocol has announced that it will be rebranding in May.
• $BNB - Binance is launching Binance Megadrop, a new token launch platform. The first project will be Bouncebit $BB, a BTC restaking chain.-
• $INJ - Injective is collaboration with Jambo, a Web3 mobile infrastructure company.
• $LSK - Lisk has teased that plan is to announce snapshot height next week.
• $NTRN - #astroport_fi migration to Neutron has been completed.
• $NIBI - Nibiru Chain launches $15M Nibiru Builder Grants Program.
• $STX - Binance will support the Stack's Nakamoto upgrade. The network upgrade and hard fork will take place on April 22.
• $XCH - Chia project has made progress toward an IPO, according to coindesk.
BRICS: Billionaire Makes Major US Bank Failure Prediction.
With the BRICS bloc embracing de-dollarization and encouraging a global economic shift, one notable billionaire has made a major US bank failure prediction. Indeed, real estate investment mogul and CEO of $115 billion Starwood Capital, Barry Sternlicht, has urged preparation for widespread failures in the coming year.
Speaking to CNBC, Sternlicht predicted that the United States would witness one bank failure every week. Specifically, he stated that the more than 4,000 regional and community banks in the country would be at risk due to high interest rates and inflation. All the while, the US debt crisis is nearing, with the greenback facing lessening prevalence internationally.
#BRICSinfo #dedollarization
With the BRICS bloc embracing de-dollarization and encouraging a global economic shift, one notable billionaire has made a major US bank failure prediction. Indeed, real estate investment mogul and CEO of $115 billion Starwood Capital, Barry Sternlicht, has urged preparation for widespread failures in the coming year.
Speaking to CNBC, Sternlicht predicted that the United States would witness one bank failure every week. Specifically, he stated that the more than 4,000 regional and community banks in the country would be at risk due to high interest rates and inflation. All the while, the US debt crisis is nearing, with the greenback facing lessening prevalence internationally.
#BRICSinfo #dedollarization
🚨
Don’t ignore this .
It can impact your decisions
💭The BRICS countries are making a move against Dollar.
🔵Dollar being the trade currency of the world, It means one thing. Dollar will lose it is dominance over time.
🔵what does it mean for Crypto? well it means the wealthy individuals that has their money in dollar will find alternative disclaimer they already found it and that is of course BTC. Going forward from here we shall see very small adjustments to the price of BTC, It has to a stable store of value. That is why prices you see in the markets currently is only moving 2-3 thousands of dollar that is still unstable. That being said, there is data that came out shows very little BTC out in the markets, reason is it is not used as payment method anymore. Big institutions see it as Gold, with added benefit that:
✅It won’t devalue no printing.
✅Less manipulation going forward meaning it will become gentlemen’s business.
✅No risk of physical damage or theft.
✅self ownership and becoming your own bank.
✅Globally available to transport any amount to anywhere without the hassle.
To sum this up I think a dollar ditching is coming in the coming years from within the US, It will drive the price to a level we are not used to.
Final tip: Accumulate when you see big dips on BTC cause we might not get it in the future.
Stay safe and give a like for more quality content.
#BTC
#BRICSinfo
#InstitutionalCapital
Don’t ignore this .
It can impact your decisions
💭The BRICS countries are making a move against Dollar.
🔵Dollar being the trade currency of the world, It means one thing. Dollar will lose it is dominance over time.
🔵what does it mean for Crypto? well it means the wealthy individuals that has their money in dollar will find alternative disclaimer they already found it and that is of course BTC. Going forward from here we shall see very small adjustments to the price of BTC, It has to a stable store of value. That is why prices you see in the markets currently is only moving 2-3 thousands of dollar that is still unstable. That being said, there is data that came out shows very little BTC out in the markets, reason is it is not used as payment method anymore. Big institutions see it as Gold, with added benefit that:
✅It won’t devalue no printing.
✅Less manipulation going forward meaning it will become gentlemen’s business.
✅No risk of physical damage or theft.
✅self ownership and becoming your own bank.
✅Globally available to transport any amount to anywhere without the hassle.
To sum this up I think a dollar ditching is coming in the coming years from within the US, It will drive the price to a level we are not used to.
Final tip: Accumulate when you see big dips on BTC cause we might not get it in the future.
Stay safe and give a like for more quality content.
#BTC
#BRICSinfo
#InstitutionalCapital
The BRICS currency has been officially unveiled at the summit in Kazan, Russia.
Russian President Vladimir Putin presented a mock-up of the “BRICS bill,” marking the first public display of the new currency, which is intended to replace the dollar.
#BRICS2024 #BRICS #BRICSinfo
Russian President Vladimir Putin presented a mock-up of the “BRICS bill,” marking the first public display of the new currency, which is intended to replace the dollar.
#BRICS2024 #BRICS #BRICSinfo