Golden Finance reported that Russian President Vladimir Putin signed a law regulating the taxation of digital currencies, according to TASS. According to the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of the "Experimental Legal System in the Field of Digital Innovation (EPR)". The mining and sale of digital currencies are not subject to VAT. Operators of mining infrastructure must report to the tax authorities that issue cryptocurrencies using their services. Failure to transmit such information on time may result in a fine of 40,000 rubles. In terms of personal income tax payment, digital currencies obtained through mining will be classified as income in kind (a term usually used when payment is made with goods or services instead of currency). The value of the currency obtained will be determined based on market quotations. Such income will be taxed at the usual progressive tax rates, taking into account tax deductions for the amount of mining expenses. At the same time, the acquisition, sale or other circulation income of digital currencies will be taxed at a two-stage personal income tax rate (13% for income within 2.4 million rubles and 15% for income exceeding this amount). They will be included in the same tax base as trading income from securities, bank deposits and other sources. In terms of corporate income tax, digital currency mining will be taxed at the standard rate (25% from 2025).