Bitcoin Regulation in Russia | ForkLog

ForkLog 21 12.02.2021

Russian cryptocurrency taxation criticised over terminology

The presidential council on codification and improvement of civil legislation did not back the government bill on taxing cryptocurrency transactions. The council's press service said.

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ForkLog 5 22.01.2021

Russian officials ordered to divest from cryptocurrencies by 1 April

The Ministry of Labour and Social Protection of the Russian Federation issued an informational letter telling civil servants to divest from cryptocurrency holdings by 1 April 2021.

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ForkLog 16 20.01.2021

Tax amendments for cryptocurrency holders in Russia to be revised over arbitrary penalties

The bill's text on taxation of cryptocurrency operations does not clarify which tax will apply to digital assets, and the proposed penalties are unfounded, according to the State Duma's Legal Department.

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ForkLog 13 18.01.2021

Bank of Russia sets limit on CFA purchases by non-qualified investors

The Bank of Russia has issued several directives concerning the regulation of digital financial assets. One of them, effective from 1 January 2021, sets a limit on CFA purchases by individuals who are not qualified investors at 600,000 rubles per year.

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ForkLog 7 24.12.2020

Duma Committee on Financial Markets approves cryptocurrency taxation bill

The State Duma Committee on Financial Markets backed the draft law 'On Amendments to Parts One and Two of the Tax Code of the Russian Federation' and recommended its adoption in the first reading.

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ForkLog 8 11.12.2020

Putin signs decree requiring officials to declare cryptocurrency holdings

On 10 December, the Russian president Vladimir Putin signed a decree obliging officials and applicants for relevant posts to disclose information about their digital financial assets.

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ForkLog 8 10.12.2020

In Russia, a Committee on Digital Financial Assets and Digital Currency is Established

On 9 December, the Council of the Foundation for the Development of the Digital Economy approved a decision to establish a Committee on Digital Financial Assets and Digital Currency.

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ForkLog 9 09.12.2020

Experts call for denying the Russian Federal Tax Service the power to determine the market price of cryptocurrencies

The Blockchain Technology and Crypto-Economy Commission, with the support of the Digital Rights Center law firm, sent feedback to the Russian Ministry of Finance on a package of bills concerning the taxation of digital currencies.

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ForkLog 9 08.12.2020

Head of Russia’s Investigative Committee calls to classify Bitcoin as property

Digital currency should be recognised as property for the purposes of criminal and criminal-procedural legislation. This was stated by the head of the Investigative Committee of Russia (ICR) Alexander Bastrykin in an interview with RIA Novosti.

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ForkLog 8 02.12.2020

Aksakov: cryptocurrencies should be taxed as they are a high-income business

Recognition of cryptocurrencies as property will help resolve inheritance and tax issues. This was stated by Anatoly Aksakov, head of the State Duma committee on the financial market, according to Parliamentary Gazette.

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ForkLog 16 01.12.2020

When to report Bitcoin: A Look at the cryptocurrency taxation bill

A government-approved bill on cryptocurrency taxation has been submitted to the State Duma. The document provides for fines for breaches of the reporting regime for digital currencies, but the penalties are significantly more liberal than the amendments to the Criminal Code and the Criminal Procedure Code proposed earlier by the Finance Ministry, experts say.

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ForkLog 12 01.12.2020

Draft law on declaring cryptocurrency transactions submitted to the State Duma

The Government of the Russian Federation has submitted to the State Duma a bill titled 'On Amendments to Parts One and Two of the Tax Code of the Russian Federation', regulating the declaration of cryptocurrencies.

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#Bitcoin Regulation in Russia