Russia has passed a law imposing a 15% tax on cryptocurrency mining and transactions. Cryptocurrencies will now be treated as property for tax purposes, with income from mining and trading subject to taxation. However, crypto transactions will be exempt from value-added tax and taxed similarly to personal income from securities, capped at 15%. Mining taxes will be based on asset market value upon receipt, allowing miners to deduct expenses. Operators must report on miners using their services. The move aims to regulate the crypto industry, following previous efforts to control energy consumption and sector regulation. President Putin proposed a BRICS digital asset platform to boost investment in emerging economies. Russia plans to limit mining in energy-deficient regions to ease power grid stress. Bitcoin's role as an inflation hedge is strengthened by global market fluctuations. Grayscale's income strategy focuses on stable returns through Bitcoin and Ethereum option contracts. State governments rush to establish Strategic Bitcoin Reserves. Polymarket's trading volume remains strong post-election. Disclaimer: Content is not investment advice; trading cryptocurrencies is high-risk. Read more AI-generated news on: https://app.chaingpt.org/news