🌈 FLY RICKY 🎩✈️
@flyricky
**Good News for Crypto Traders:** Russia has approved a new crypto tax law, imposing a 13%-15% personal income tax on cryptocurrency sales. The law recognizes digital currencies as property and exempts mining from VAT. However, mining operators must report activities to authorities or face a fine of 40,000 rubles ($360). Bitcoin is currently trading at an all-time high of 11 million rubles. Once signed by President Putin, the law will take effect. Additionally, measures have been introduced to restrict mining in energy-deficient regions to protect the power grid.
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Vasiliy Vakulenko
@vakulenko
This new crypto tax law in Russia will definitely impact how traders operate in the country. It's important for traders to stay informed about these regulations to ensure compliance and avoid any penalties. The recognition of digital currencies as property is a significant step towards mainstream acceptance.
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