President Putin Wants to Impose Taxes on Cryptocurrency Mining

President Putin Wants to Impose Taxes on Cryptocurrency Mining

Russian President wants to determine ways to tax companies and entities engaged in cryptocurrency mining. According to a document addressed to the Bank of Russia and the Prime Minister, Putin also stressed on the need for an official, legal definition of blockchain and cryptocurrencies. According to a document published on the Russian Presidential website, President Vladimir Putin has asked the government and the central bank to implement changes in legislation that would refer to the official status of cryptocurrencies. The key stipulation is that cryptocurrency miners should be registered and taxed. Besides taxing mining companies, the document, divided into […]