Russia Targets Crypto Miners with 15% Tax and Stricter Oversight

The Russian government has approved draft amendments to classify digital currency as taxable property, setting a maximum 15% income tax on cryptocurrency earnings and exempting transactions from value-added tax. The changes aim to regulate crypto mining and trading while balancing the interests of businesses and the state. According to a news release by Interfax, the income generated from... source: https://news.shib.io/2024/11/19/russia-targets-crypto-miners-with-15-tax-and-stricter-oversight/?utm_source=rss&utm_medium=rss&utm_campaign=russia-targets-crypto-miners-with-15-tax-and-stricter-oversight