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A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group […]Powered by WPeMatico
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining While the […]Powered by WPeMatico
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC […]Powered by WPeMatico
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]Powered by WPeMatico
Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of Digital Currency Discussing upcoming changes in the legislation regarding digital currencies in Russia, head […]Powered by WPeMatico
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing from senior lawmkers like Anatoly […]
The post New Russian Law Bans Bitcoin Payments for Goods and Services appeared first on Bitcoin News.
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Russia has dropped plans to criminalize bitcoin transactions – for now, according to local media reports. The Digital Financial Assets Bill (DFA), due to be read for the second time in the Russian parliament – or State Duma – on July 21, has removed references to administrative and criminal liability for dealing in bitcoin (BTC). […]
The post Russia Shelves Plans to Criminalize Bitcoin Transactions – For Now appeared first on Bitcoin News.
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The bill for the regulation of cryptocurrencies in Russia submitted by the finance ministry and the central bank requires State Duma deputies to declare their cryptocurrency investments. Currently, government officials are not required to declare their crypto holdings, according to a recent announcement by the Russian Ministry of Labor. Also read: Cryptocurrency Activities Will Be […]
The post Russian Bill Requires Deputies to Declare Their Cryptocurrency Investments appeared first on Bitcoin News.
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The Russian finance ministry has unveiled its proposals for the regulation of initial coin offerings (ICOs) in the upcoming bill to be submitted this week. They include the maximum amount an ICO can raise as well as an investment limit for unqualified investors. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and […]
The post Russia Unveils Proposed Regulation Putting Limits on ICOs and Investors appeared first on Bitcoin News.
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Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December 28. Also read: South Korea Clarifies Position […]
The post Miners from 15 Countries to Give Input for Russian Cryptocurrency Bill appeared first on Bitcoin News.
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