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Russia has introduced new cryptocurrency mining regulations under Federal Law No. 259-FZ, requiring miners to report earnings by the 20th of each month and operate under approved entities. The Federal Tax Service (FNS) allows miners to declare earnings via personal accounts. Digital currencies are classified as property, subject to 13% tax on earnings up to 2.4 million rubles and 15% for higher income, starting in 2025. Mining operators must report data to local authorities, with fines for non-compliance, aligning mining activities with taxation and regulatory frameworks.
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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Feb 06, 2025 08:01 UTC
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Russia Crypto Tax: New Tax Rates for Miners’ Earnings
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