**Russia Moves Towards Cryptocurrency Taxation**

- The Federation Council has approved a bill on cryptocurrency taxation, which now awaits President Vladimir Putin's signature.

- The law classifies digital currencies as property, exempting transactions from VAT.

- Revenues from the sale of cryptocurrencies will be subject to personal income tax at a rate of 13%-15%.

- Mining operators are required to report to tax authorities, but are exempt from VAT.

- Failure to comply with reporting requirements will result in fines.

- These measures are aimed at formalizing Russia's crypto economy and ensuring tax control.