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#AIAndGameFiBoom Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025. Crypto Officially Property in Russia After Putin Signs Landmark Law Russian President Vladimir Putin has signed a law officially designating digital currencies as property, laying the groundwork for taxation and regulation within the sector. Announced on Nov. 29, the law recognizes digital currency for foreign trade transactions under an experimental legal framework, marking a significant shift in Russia’s approach to cryptocurrency oversight. Under the new law, mining and selling digital currencies are exempt from value-added tax (VAT), and no taxes apply to organizations facilitating transactions within the experimental regime. However, mining operators must report users of their infrastructure to tax authorities, with noncompliance leading to a penalty of 40,000 rubles ($382.78). Revenue earned from mining is classified as non-cash income and subject to standard income tax rates. This classification requires that mining expenses be deducted before determining taxable income. Personal income tax for digital currency transactions follows a progressive system: 13% for income up to 2.4 million rubles and 15% for amounts exceeding that threshold. Starting in 2025, corporate profits from mining will face a 25% tax.

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$BTC Bitcoin price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum price closed above the weekly resistance of $3,454, suggesting a rally ahead. Ripple price found support around its $1.40 level, indicating a rally on the horizon. Bitcoin (BTC) price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum (ETH) and Ripple (XRP) closed above their key resistance levels, indicating a rally in the upcoming days. Bitcoin recovers and approaches its $100K milestone Bitcoin price reached a new all-time high (ATH) of $99,588 last week and started declining. BTC declined 7%, falling to a low of $90,791 on Tuesday. However, it recovered slightly on Wednesday. At the time of writing on Friday, it continues to recover and trades around $96,200.

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$BTC Bitcoin Could See Inflows Worth $2.28 Trillion in 2025: Insights From OKG Research

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Bitcoin Could See Inflows Worth $2.28 Trillion in 2025: Insights From OKG Research $BTC

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