Bitcoin Regulation in Russia | ForkLog

ForkLog 6 09.02.2022

Experts: Banks’ entry into Russia’s crypto market risks monopolisation of the industry and total loss of anonymity

The government-approved concept for regulating cryptocurrencies is far better than the Central Bank's proposed ban but threatens total loss of anonymity and the risk of tying the infrastructure to banks, according to experts interviewed by ForkLog.

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ForkLog 5 09.02.2022

United Russia to discuss methodology for valuing Bitcoin

Members of the United Russia party will discuss optimal mechanisms for regulating the cryptocurrency market to protect its participants.

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ForkLog 17 09.02.2022

Russian government sets out mechanism for Bitcoin transactions via banks

The Russian authorities plan to impose strict obligations on all participants in the crypto market. ForkLog outlines the main provisions of the government-approved concept for regulating the turnover of digital currencies.

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ForkLog 5 09.02.2022

Media: State Duma proposes identifying illegal miners by IP and cutting their electricity

The State Duma has sent proposals for regulating cryptocurrency mining to the government. Reports cite the protocol of the Energy Committee meeting.

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ForkLog 10 08.02.2022

Russian government approves Finance Ministry’s concept for regulating cryptocurrencies

The Russian government backed the Finance Ministry's proposed concept for regulating the cryptocurrency industry.

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ForkLog 7 07.02.2022

Russian miners divided over State Duma-proposed tax rates

Market participants' views on the proposed tax rates in the State Duma for their activities were divided. Some called them adequate; others believed the rates should be unified.

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ForkLog 7 07.02.2022

Banks to tighten oversight of Russians’ transfers under crypto-regulation roadmap

As part of the government's roadmap for regulating the cryptocurrency industry, Russian banks will tighten oversight of clients' money transfers by the end of November.

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ForkLog 6 07.02.2022

Taxes on Russia’s cryptocurrency market estimated at up to 1 trillion rubles

Even under a simplified tax regime, the taxes collected from the Russian crypto market could amount to as much as 1 trillion rubles a year.

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ForkLog 8 04.02.2022

Duma sets minimum tax rates for miners

Income tax on withdrawals of mined cryptocurrency into the traditional financial system cannot be less than 15%.

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ForkLog 5 03.02.2022

Russian government to draft cryptocurrency-regulation scenarios by February 11.

By February 11, the Russian government will develop draft scenarios for regulating cryptocurrency markets, with assessments of their likely consequences.

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ForkLog 11 03.02.2022

Chamber of Commerce and Industry proposes classifying mining as entrepreneurial activity

The head of the Russian Chamber of Commerce and Industry (RCCI) Sergey Katyrin proposed to treat cryptocurrency mining as entrepreneurial activity. He sent the corresponding letter to Finance Minister Anton Siluanov, according to TASS.

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ForkLog 6 02.02.2022

Gref backs ban on cryptocurrency payments in Russia

Herman Gref, head of Sberbank, backed a ban on cryptocurrencies as a means of payment in Russia, but added that stablecoins and derivatives of such assets should not be banned.

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#Bitcoin Regulation in Russia