2018-7-19 07:34 |
Cryptocurrency miners and holders in Russia will be regulated under the Internal Revenue Code, local news outlet Izvestiya reported July 18.
The Chairman of the Russian State Duma Committee on Financial Markets, Anatoly Aksakov, told Izvestiya that lawmakers are looking to pass the bill on digital financial assets, or cryptocurrencies, during the autumn session of the Duma.
According to Aksakov, the document will not include separate taxation schemes for cryptocurrency owners, meaning that mining and circulation of cryptocurrencies will be regulated under existing provisions of the Russian Tax Code.
He told Izvestiya that separate taxation schemes for mining and circulation of cryptocurrencies may appear in the future if the government finds it necessary.
Aksakov added: “If they want to determine [tax rates] for these types of businesses separately, they will.
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