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Category: Minfin
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Bank of Russia Says Stablecoins Are Not Suitable for Settlements
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Russia’s Finance Ministry Supports Circulation of Stablecoins in Country
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Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
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Crypto Incomes Declared on Tax Returns in Russia
Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]
The post Crypto Incomes Declared on Tax Returns in Russia appeared first on Bitcoin News.
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Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved
The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation […]
The post Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved appeared first on Bitcoin News.
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Russian Ministry Offers to Set Up Crypto Exchange for Miners
Russia’s Ministry of Telecom and Mass Communications has put forward the idea to set up a cryptocurrency exchange, where Russian miners can trade their digital coins for fiat money. The ministry has held consultations with representatives of the crypto sector and prepared a comprehensive concept to regulate the mining industry. Also read: Two Russian Regions […]
The post Russian Ministry Offers to Set Up Crypto Exchange for Miners appeared first on Bitcoin News.
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Crypto Tax Breaks Proposed by Officials in Russia
Tax exemptions on profits from crypto-related transactions have been proposed during a meeting at the Ministry of Economic Development of Russia. Participants also called for a 10 fold increase of the limit for individual investments in ICOs. Russians should be allowed to open accounts with foreign exchanges, officials insisted. Also read: Russian Lawmaker Proposes […]
The post Crypto Tax Breaks Proposed by Officials in Russia appeared first on Bitcoin News.
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Centralized Cryptoruble Not Possible, Minister Tells Putin
The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media. Also read: Russian Authorities Criticized over […]
The post Centralized Cryptoruble Not Possible, Minister Tells Putin appeared first on Bitcoin News.
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Russian Authorities Criticized over Proposed Crypto Regulation
Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others. Experts from the crypto sector have expressed concerns about many unresolved issues in the proposed legal framework. […]
The post Russian Authorities Criticized over Proposed Crypto Regulation appeared first on Bitcoin News.
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