Russia’s New Crypto Tax: 15% on Trading and Mining Income

Quick Summary:

Russia amended its crypto tax legislation, proposing a 15% tax on income from crypto asset trading and mining.

This aligns with the government’s efforts to establish a balanced taxation policy and increase revenue from the expanding crypto industry.

The amendments classify cryptocurrency as "property” for tax purposes.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: IndiaUnited States

Topics: News Crypto Regulation Crypto Tax Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 15:20:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 128 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23700838

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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