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Russia approves cryptocurrency taxation framework, and miners implement a two-stage taxation system
The Russian government's Committee on Legislative Activities advanced a bill on cryptocurrency taxation on November 11, 2024. The bill defines cryptocurrencies as property and sets different tax requirements for individual and corporate miners. According to the new regulations, companies need to register with the Federal Tax Service to legally carry out mining operations, while individuals with monthly electricity consumption below 6,000 kWh do not need to register. The new framework adopts a tw...
2024-11-13 12:02:25
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