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Russia has taken a major step toward cryptocurrency regulation as its Federation Council approved a comprehensive tax bill. The bill exempts digital asset transactions from value-added tax (VAT) while establishing a 15% income tax rate on crypto trading. The legislation now awaits President Vladimir Putin&#39;s final approval to become law.The Federation Council, Russia&#39;s upper house of parliament, confirmed the approval of tax code amendments on Wednesday. This was following the State Duma&#39;s endorsement the previous day. The legislation formally recognizes digital currency as property, creating a clear framework for taxation and regulatory oversight.Under the new regulations, cryptocurrency transactions will be exempt from VAT. This brings them in line with securities trading treatment. The bill implements a two-tier personal income tax structure for crypto trading profits, with rates capping at 15%. This approach aims to create a balanced framework that encourages legitimate crypto activities. At the same time, it ensures proper tax compliance.<a href="https://cryptotale.org/russia-approves-landmark-crypto-tax-bill-for-trading-mining/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Russia Approves Landmark Crypto Tax Bill For Trading, Mining

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