Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses
Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet addresses, under new rules. If leaked, it could be a “big gift to our geopolitical […]
Russia seizes $10M in Bitcoin from ex-official in bribery case
The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue from a hardware crypto wallet. Source link
New crypto haven or US competitor: Russia approves crypto taxation
The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation. Prepared by the Ministry of Finance, the bill gives crypto property status, as local media reports. This means companies must pay income tax […]
Is there a crypto thaw in Russia and why?
Throughout the years, Russia has been sending conflicting signals over its relationships with cryptocurrencies. Lately, the Kremlin seemingly started to embrace crypto. Is this actually the case? Early crypto regulations in Russia Until the 2020s, cryptocurrency in Russia had effectively existed in a gray zone. In July 2020, President Vladimir Putin signed a digital finance […]
Russia is free to use Bitcoin in foreign trade, says finance minister
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said. Source link
Russia to Control Crypto Mining Activities by Region in 2025
Russia’s government has published a draft resolution on banning or providing restrictions on mining locally. The ban will take effect on Jan. 1, 2025, and run until Mar. 15, 2031. According to TASS, the mining ban will take place in Dagestan, Ingushetia, Chechnya, Kabardino-Balkaria and North Ossetia. The ban will include mining and participation in […]
Russia bans crypto mining for 6 years in 10 regions
Russia’s key crypto mining regions like Irkutsk will enforce seasonal mining restrictions instead of originally proposed complete bans. Source link
Bitcoin mining profits in Russia to face new 15% tax rules, officials say
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and related infrastructure. According to an Interfax report, the amendments, announced by the Ministry of Finance, […]
