Russia approves 15% tax on crypto mining and transactions

Oluwapelumi Adejumo

Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on Nov. 19. The legislation will classify cryptocurrencies as property for tax purposes. As a result, income generated from Bitcoin mining and trading will be subject to taxation. However, crypto transactions will be exempt from value-added […]

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Russia approves 15% tax on crypto mining and transactions