**Russia Ready to Tax Crypto, Putin Just Needs to Sign! 🇷🇺**

- Russia is getting closer to new crypto tax rules after the Federation Council approved a crypto tax bill. Now it's just waiting for President Putin's signature!

- In this rule, crypto is considered property and crypto transactions are exempt from VAT. However, crypto sales proceeds are subject to 13%-15% income tax, similar to securities tax.

- Crypto miners are also exempt from VAT, but must report to the tax authorities. If they are stubborn, be prepared to be fined 40,000 rubles!

- Bitcoin is on the rise in Russia, increasing traffic to crypto exchanges by 8%! MegaFon said that Russian users contribute 27%-30% of global traffic to crypto exchanges.

- Let's discuss! Is this a step forward for crypto in Russia? Write your opinion in the comments column!