2023-6-6 20:30 |
Rosbank, one of Russia's systemically important banks, has announced the launch of a new cross-border settlement solution in the realm of cryptocurrencies.
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Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on Nov. 19. The legislation will classify cryptocurrencies as property for tax purposes.
Russia is advancing its regulatory framework for cryptocurrency mining with a proposed amendment to its Bitcoin mining legislation. An Interfax report states, that the draft, introduced by the Ministry of Finance, establishes new tax guidelines for income and expenses related to crypto mining and infrastructure operations.
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…
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Cryptocurrency mining will soon be banned in several regions across Russia due to an escalating electricity crisis.
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Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…