Russia is revising its laws to regulate cryptocurrency mining and transactions more clearly. Starting in 2025, digital currencies will be taxed as property, with personal income tax rates of 13% on earnings up to 2.4 million rubles and 15% on higher amounts. Miners must report earnings monthly and operate under approved entities, with fines for non-compliance. However, mining operations won't be subject to VAT. The authorities aim to reduce illegal activities and ensure only legitimate participants can mine legally. Mining companies will face a 25% tax on their earnings starting in 2025. Russia will also allow tax-free cryptocurrency transactions under certain experimental legal regimes to facilitate international payments. These measures aim to create a more regulated and secure crypto trading environment in the country.



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