Loading...
Market
What will be the primary use of cryptocurrency in Russia's foreign trade by mid-2024?
2
Resolution / Starting Odds
Energy sector • 25%
Technology sector • 25%
Agriculture sector • 25%
Other sectors • 25%
Trade reports and official government releases
Story
Putin Signs Crypto Law: 15% Tax, VAT Exemption
Nov 29, 2024, 12:10 AM
Russia has enacted a new law redefining cryptocurrency regulations, following approval by its upper house of parliament, the Federation Council. The legislation imposes a 15% tax on profits from crypto mining and trading, a 13% personal income tax on cryptocurrency sales, and exempts cryptocurrency transactions from value-added tax (VAT). Additionally, cryptocurrency is now officially recognized as property, allowing its use in foreign trade under an experimental legal framework. Mining companies are required to report client data to tax authorities and adhere to the standard corporate income tax rate. Russian President Vladimir Putin has signed the law, marking a significant shift in the country’s approach to digital currency regulation.
View original story
Similar markets
Mining • 25%
Cross-border payments with China • 25%
Sanctions evasion • 25%
Other • 25%
Bitcoin • 25%
Tether (USDT) • 25%
Russia's own stablecoin • 25%
Other • 25%
Garantex • 25%
Binance • 25%
Huobi • 25%
Other • 25%
Stablecoins • 25%
Bitcoin • 25%
Russia's own stablecoin • 25%
Other public assets • 25%
Bitcoin • 25%
Ethereum • 25%
Tether • 25%
Other • 25%
Bitcoin • 25%
Ethereum • 25%
Ripple (XRP) • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Bitcoin • 25%
Ethereum • 25%
A basket of cryptocurrencies • 25%
None • 25%
Bitcoin • 25%
Ethereum • 25%
Stablecoins • 25%
Other • 25%