The Russian government has approved amendments to the bill on cryptocurrency mining.

🟢Cryptocurrency is recognized as property for tax purposes.

🟢Mining revenues will be recorded at market value at the time of receipt. It is possible to reduce revenues by expenses related to mining.

🟢Cryptocurrency transactions are exempt from VAT.

🟢Income from cryptocurrency transactions is included in a single tax base with securities. The personal income tax rate will not exceed 15%.

🟢Mining infrastructure operators are required to provide tax authorities with information about users of their capacities.

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