Russian President Vladimir Putin signed a law on crypto and mining.

Thesis:

✔️ Individuals will have to pay personal income tax (from 13 to 22%) after selling crypto.

✔️ Legal entities will pay income tax - from 2025 it will be increased from 20% to 25%.

✔️ They will be required to report cryptocurrency transactions to the Tax Service if the amount of receipts and write-offs is higher than 600 thousand rubles per year.

✔️ The tax base will be calculated based on the difference between the cost of cryptocurrency and the costs of its purchase/mining.

✔️ Mining operators will have to transfer data on the services provided to the authorities.