🚨 Cross-border payments with cryptocurrency in Russia: what is important to know 🚨

With recent changes in the law, it is now possible to use cryptocurrency for cross-border payments in Russia, which makes it possible to conduct international settlements without being tied to traditional financial systems. This is especially relevant against the backdrop of sanctions that limit access to banking systems for trading with foreign partners. 💸

👉 What does this mean? Now companies and individuals can pay for goods and services abroad using cryptocurrency, bypassing traditional banks. But be careful - such transactions will be subject to mandatory reporting to tax authorities. 🧾

👉 Taxes: It is expected that you will need to declare your crypto assets and transactions, as well as pay taxes on the income received. The exact rates have not yet been established, but reporting rules are already beginning to form.

🚨 Be careful and monitor legislative changes to avoid problems with tax authorities!