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2019-09-27 13:52:39

Proposed Russian cryptocurrency tax aims to regulate crypto

Russian cryptocurrency tax issue is again making the headlines again. Russian tax authorities are looking to widen their tax net to include more crypto assets. As per reports a major Russian media firm Izvestia, the country is considering to tax mined cryptocurrency equivalent to acquired properties and treasure finds. Association of Banks of Russia submitted a report that included a proposal to tax mined cryptocurrencies at par with treasure findings which are in fact taxable. Such a reform, if implemented, would allow tax authorities to label cryptocurrencies as a ‘finding or ‘treasure’ thereby bringing them under the legal framework of