Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed.
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Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s Ministry of Finance (Minfin) has supported some regulatory ideas regarding cryptocurrencies put forward by the nation’s law enforcement services, the daily Izvestia unveiled this week. The ministry is....
A crypto advocate group in Russia is lobbying for more friendly federal crypto law. Major cryptocurrency advocates in Russia are opposing the government’s stringent approach to regulating the crypto industry.The Committee on Blockchain Technologies and Cryptoeconomics, whose ranks include executives from major crypto exchanges Binance and OKEx, has called on the state to soften regulations that could potentially harm the crypto industry.The committee told Cointelegraph on Dec. 9 that its members have sent their feedback to the Ministry of Finance regarding a new bill on the taxation of....
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency payments, in terms of international transactions, are seen by the authorities in Moscow as an alternative option for small private business contracts, but this will not affect Russian oil deliveries. The....
Russian Ministry of Finance now “advises” using cryptocurrencies as legal tender? That sounds like an old story. Crypto journalists have reported that the Russian Ministry of Finance pushes for tokens to be treated as legal tender. However, there’s no evidence whatsoever to back up these claims. Related Readings | Russia To Legalize Crypto Payments, But Proposal […]
The Russian government prepares to ban crypto currencies. As stated by the Russian news express RIA Novosti, the Russian Finance Ministry is planning on legislating against the use of crypto currencies. The Russian Finance Ministry is issuing a proposal to prohibit the use and operations with money substitutes and value transmitters such as digital currencies. The Ministry is also considering not just prohibiting crypto currencies, but also to bring criminal responsibility to companies and individuals who conduct operations with money substitutes