Bitcoin Regulation in Russia | ForkLog

ForkLog 12 28.11.2020

Russian government approves bill requiring disclosure of cryptocurrency transactions

The Russian government approved a bill on the procedure for tax reporting for cryptocurrency transactions. The decision was made at a meeting held on 26 November, according to the report published today.

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ForkLog 8 26.11.2020

Mishustin: Russia to steer cryptocurrency development onto a civilised path

Russian authorities will steer the development of cryptocurrencies onto a civilised path to protect holders' rights and hinder the creation of shadow schemes. This was stated by Prime Minister Mikhail Mishustin at the opening of the cabinet meeting.

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ForkLog 9 13.11.2020

Russian Finance Ministry explains criminal penalties for undeclared bitcoins

The need for criminal penalties for failing to declare cryptocurrencies stems from the high risks of money laundering. This was stated by Business FM, Deputy Finance Minister Alexey Moiseev.

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ForkLog 8 12.11.2020

Experts call prison term for Bitcoin traders an ‘inadequate measure’.

The Russian Finance Ministry's amendments to the Digital Financial Assets Act (DFA), which provide for imprisonment for cryptocurrency trades not reported in tax declarations, are unlikely to be adopted in their current form. That was the view of the experts polled by ForkLog.

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ForkLog 14 12.11.2020

Russian Finance Ministry widens criminal liability for undeclared bitcoins

Owners of digital currencies face up to three years in prison if they fail to report to the tax authorities on operations equivalent to 45 million rubles or more. This provision is contained in the new version of amendments by the Russian Finance Ministry to the Criminal and Criminal Procedure Codes, RBC reports.

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ForkLog 16 02.11.2020

Lawyer: a DEX ban is possible in Russia

Under a strict regulatory scenario for the cryptocurrency market in Russia, decentralized exchanges could be banned. This was stated by Tatiana-Eliza Vasilyeva, managing partner at Baseley & Partners, during ForkLog online conference 'Centralised Exchanges and DEX: Pros, Cons, Differences'.

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ForkLog 7 21.10.2020

Aksakov: Critics of cryptocurrencies see risks to the financial system and citizens

There are no opponents of blockchain in power, but positions on cryptocurrencies vary. This was stated by Anatoly Aksakov, head of the State Duma committee on the financial market, during a speech at Blockchain Life 2020 forum.

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ForkLog 7 20.10.2020

Bitcoins to Be Declared by Russian Officials

Starting in 2021, Russian officials will have to declare savings and income in cryptocurrency. This is reported by TASS, citing Prosecutor General Igor Krasnov.

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ForkLog 5 27.09.2020

Opinion: Russian Finance Ministry amendments are set to boost the Bitcoin industry

The amendments by the Russian Finance Ministry to the law 'On Digital Financial Assets' confirm that storing cryptocurrencies in wallets is legal, and their implementation will lead to the exit of unscrupulous players, said the CEO of the fintech company Aximetria, Alex Axelrod, in an interview with ForkLog.

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ForkLog 4 25.09.2020

Aksakov says Russia’s cryptocurrency regulation to be decided within a month

In addition to the Finance Ministry's proposals for regulating cryptocurrencies, there are other options that are also planned to be considered. This was stated by Anatoly Aksakov, head of the State Duma committee on the financial market, according to RBC.

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ForkLog 8 24.09.2020

Fines, prison terms and unclear terminology: what Russia’s Finance Ministry proposed for the Bitcoin industry

The Russian Ministry of Finance continues to tighten cryptocurrency regulation. ForkLog has obtained a copy of documents with new amendments to the Criminal Code, Tax Code and several other codes.

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ForkLog 15 24.09.2020

Russian Finance Ministry proposes criminal liability for failure to declare cryptocurrencies

The Russian Finance Ministry has sent to agencies an updated package of documents regulating cryptocurrencies. The documents discuss new penalties for crypto-asset holders, according to Kommersant, citing the documents.

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