Big news in the crypto world! Russian President Vladimir Putin has just signed a law recognizing digital currencies as property. This is a huge step forward for cryptocurrency in Russia, and it's expected to bring more transparency and regulation to the industry.

So, what does this law mean for crypto in Russia? For starters, it introduces a new framework for taxation, mining operations, and cryptocurrency transactions. This includes exempting crypto mining and sales from value-added tax (VAT), and taxing mining profits at the market value.

Individuals will also be taxed on their crypto income, with rates ranging from 13% to 15% depending on the amount. And, corporate entities will be subject to a standard 25% tax rate on their crypto profits starting in 2025.

This move is seen as a significant shift in Russia's cryptocurrency policies, and it's expected to have a big impact on the industry. What do you think about this development?

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