Russia is moving quickly to implement new cryptocurrency taxes as Bitcoin reaches record highs against the ruble. The Federation Council has approved a bill that classifies digital currencies as property, imposing a 13%-15% personal income tax on crypto sales. Russian crypto miners are exempt from VAT on mined coins but must report their activities to authorities or face fines. The bill awaits President Putin's signature to become law. This comes as Bitcoin hits an all-time high of 11 million rubles, driven by its global surge and the ruble's decline against the US dollar.
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