Russia’s Tax Authority: Let Bitcoin, Crypto Be Used In Foreign Trade

Russia’s Tax Authority: Let Bitcoin, Crypto Be Used In Foreign Trade

Russia’s Federal Tax Service proposed a change to the “On Digital Currency” legislation allowing entities to accept bitcoin as payment in foreign trade.The Russian Federal Tax Service has made a suggestion for the bill “On Digital Currency,” proposing that entities be allowed to engage in foreign trade using bitcoin and crypto.This recommendation comes after the Ministry of Finance submitted a draft bill earlier this year which also discussed bitcoin mining.This legislation would allow corporate entities to accept bitcoin as a means of payment for goods, works and services in foreign....


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