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Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

Author: Content Editor
Russia has passed a new crypto tax law that classifies digital currencies as property and exempts mining from value-added tax (VAT). The law also mandates detailed reporting, requiring mining operators to provide information on individuals using their systems to tax authorities. Revenue from mining will be taxed as personal or corporate income, depending on the entity. The law is part of Russia's broader efforts to regulate the cryptocurrency market and promote transparency and legal clarity while contributing to public revenue.

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