Russia gambles! 15% crypto tax for dealers and miners decided!

Russia gambles! 15% crypto tax for dealers and miners decided!

The world of cryptocurrencies is head, and this time the hurricane comes directly from Russia! The country has approved a new 15%crypto tax law. This measure is applied to mining and transactions and treats digital assets as property. This is another bang from Moscow, which recently lifted its ban on cryptocurrencies in international accounts. Now it hits traders and miners with financial obligations, while the BRICS block continues to try to break away from the US dollar, and crypto play an increasingly important role in its economic activity.

The Brics alliance has been in the geopolitical spotlight for two years, as the main opponent of the global status quo and western dominance. The latest developments testify to the strategic realignment towards alternative payment methods. Russia has shown by the official approval of his crypto tax law draft that it does not do any things. Reports confirm that changes have been approved that tax both crypto transactions and mining. This will officially categorize digital assets as property and create financial obligations for the income of miners and dealers.

Brics and the crypto path into the future

Interestingly, crypto trades are excluded from VAT, which would not exceed the 15%mark. The Russian Ministry of Finance explains that this tax plan should ensure that the interests of the crypto participants are represented fairly. The focus is on the balance between state and business interests.

This step shows Russia's continued hug of cryptocurrencies in its political and infrastructural decisions. And that's just the beginning! In the coming year, the BRICS block is expected to introduce a blockchain-based payment platform that is currently in development and could allow the member states to carry out international trade handling with cryptocurrencies. A sign of the new era of digitization in the BRICS world!

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OrtMoscow, Russia

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