Russia’s New Crypto Tax Bill: What Miners and Traders Need to Know

Quick Summary:

The Federation Council, the country’s upper house of parliament, has given the green light to the bill, which sets the stage for tighter regulations on digital currencies.

This came into effect with Trump’s winning the white house no country can afford to stay away from this trillion-dollar industry.

For miners, their income will be taxed based on the market value of the crypto when they receive it.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Crypto Regulations News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 08:01:17 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23915434

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Main Topics: Crypto

Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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