The Russian parliament recently passed a new bill establishing a tax framework for digital currencies. This initiative, supported by the Federation Council and the State Duma, marks an important step for Russia in cryptocurrency regulation. 💼

Under the new law, digital currencies are regarded as property and are exempt from value-added tax, which is undoubtedly good news for miners and traders. Meanwhile, trading services under the experimental legal system also enjoy tax exemption. 📊

However, mining infrastructure operators are required to report user data to tax authorities, and mining income will be subject to personal income tax. This means that businesses engaged in mining must pay taxes at the standard rate. ⚖️

How this new regulation will affect Russia's crypto market is worth ongoing attention. 🔍