Russian tax authority proposes using crypto as a foreign trade payment tool
The Ministry of Finance “partially supported” the proposition, adding that it needs further consideration. Go to Source Powered by WPeMatico
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Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency Wallets Challenges with foreclosure and … Read more
Russia to include crypto into its tax code: Here is what the rules might look like
Amendments to the tax code have passed the first round of parliamentary consideration in February. Go to Source Powered by WPeMatico
Republic of Ireland to Prohibit Political Cryptocurrency Donations
The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the war in Ukraine. Ireland to Limit Foreign Political Support for … Read more
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This … Read more
Crypto firm Exmo exits Russia and Belarus by selling part of its business
Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan. Go to Source Powered by WPeMatico
Github suspends accounts of Russian developers linked to sanctioned firms
Despite its promise to cater to the needs of individual developers, the latest wave of sanctions has forced the open-source platform to even block former employees of sanctioned firms. Go to Source Powered by WPeMatico
Russian bankers reportedly want to outlaw noncustodial crypto wallets
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation. Go to Source Powered by WPeMatico
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms operating with digital assets. Russian Citizens Who Don’t Pass Test to Buy Only $600 Worth … Read more
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian Deputies to Review Law on Crypto-Related Taxation The federal government of … Read more