Slovenian finance ministry seeks public opinion on crypto tax laws
Slovenia’s crypto tax bill proposes a 10% tax on fiat-crypto conversions and payments made with cryptocurrencies. Slovenia’s Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministry’s intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenia’s Income Tax Act, the proposed bill will impose a 10% tax rate on every fiat-crypto conversion and....
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The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New Crypto Legislation Russia’s finance ministry has started drafting two new bills to comprehensively regulate cryptocurrencies and related activities in the country. The treasury department proposes a new law “On Digital....
Slovenian regulators have released a statement clarifying certain ambiguities related to bitcoin and other digital currencies. The Tax Administration of the Republic of Slovenia said it received queries from taxpayers who were interested in the possible tax implications of bitcoin transactions. In response, the Tax Administration requested a formal response from the Ministry of Finance, which stated that bitcoin remains a virtual currency - thus, it is not a 'monetary asset' under Slovenian law. Furthermore, bitcoin is not considered a financial instrument, either. However, the ministry....
The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18. The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the process of developing a legal framework for activities related to transactions with digital currencies and their issuance.The first notice, called “On Digital Currency,” informs about the government....
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According to Russian crypto advocates, the existing laws “do not meet the needs” of the cryptocurrency market. A group of Russian lobbyists led by the law firm Digital Rights Center has launched a new campaign against regulatory initiatives that they feel are impeding cryptocurrency adoption in the country.The group has created a platform designed to help resist the adoption of laws that hamper the turnover of cryptocurrencies and digital assets in Russia, Digital Rights Center announced Tuesday. Other founding members of the initiative include the Commission on Blockchain Technologies and....