Russia’s Crypto Tax Bill Passes First Reading at State Duma
Submitted by Anonymous (not verified) on Wed, 02/17/2021 - 17:53The bill proposes to recognise cryptocurrency as property for purposes of taxation.
The bill proposes to recognise cryptocurrency as property for purposes of taxation.
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.
The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.
The bill was introduced by Republican State Senator Mark Lofgren to bring blockchain tech on par with traditional contracts and recordkeeping.
The bill was introduced by Republican State Senator Mark Lofgren to bring blockchain tech on par with traditional contracts and recordkeeping.
A newly introduced blockchain bill aims to provide a "welcoming" environment for fintech companies in a bid to stimulate growth and jobs.
A newly introduced blockchain bill aims to provide a "welcoming" environment for fintech companies in a bid to stimulate growth and jobs.
The move is bound to make potential and current crypto investors outside the country uneasy as well.
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