Russia’s Federation Council Approves New Crypto Taxation Law

Quick Summary:

On November 27, 2024, Russia’s Federation Council approved a crucial bill outlining the taxation framework for digital currencies.

The legislation follows approval from the State Duma, the lower house of parliament, the day before.

Under the new legislation, failure to comply with reporting requirements can result in fines of 40,000 rubles (about $360).

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Cryptocurrency Crypto Tax Russia Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 12:34:54 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23923656

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 29 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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