Today, Russian President Vladimir Putin approved new legislation establishing a taxation framework for cryptocurrencies, recognizing digital assets like Bitcoin as property.
The announcement was made official by its publication on the Russian legal acts website. The bill had already received approval from the Federation Council.
The bill classifies crypto as property under the Russian Internal Revenue Code, implementing a tax framework for the digital asset industry. Notably, the legislation exempts cryptocurrency mining and sales from value-added tax (VAT), creating a distinctive regulatory approach to digital asset operations.