カテゴリー: Russian Federation

Crypto Incomes Declared on Tax Returns in Russia

Crypto Incomes Declared on Tax Returns in RussiaTaxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is still fine-tuning the upcoming regulations. Also read: Russian Railways Eyes Crypto for Tickets, […]

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Alleged BTC-e Mastermind Confesses to Russian Money Laundering Charges

Alleged BTC-e Mastermind Confesses to Russian Money Laundering ChargesAccording to regional publications in Russia, the alleged BTC-e mastermind and prisoner in Greece, Alexander Vinnik, has allegedly confessed to charges of fraud and money laundering on May 24, 2018. Reports reveal a signed document details that Vinnik admits to committing financial fraud between 2011-2017 through the BTC-e cryptocurrency exchange. Also read: This Week in […]

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Cryptocurrency is Property in Russia, Justice Minister Confirms

Cryptocurrency is Property in Russia, Justice Minister ConfirmsThe Russian Ministry of Justice has taken side in what looks like a lively debate about the status of cryptocurrencies that are still unregulated in the country. A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than “a set of characters.” […]

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Yes, You Can Buy Your World Cup Ticket with Bitcoin

Yes, You Can Buy Your World Cup Ticket with BitcoinRussian crypto-media have asked a meaningful question – why World Cup tickets can’t be bought with cryptocurrency. Credit card payments and bank transfers are currently accepted, but are they an option for every fan who wants to go to the stadium? And, is it really impossible to get a ticket with your bitcoin? Also read: […]

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Venezuela to Use the Petro to Buy Auto Parts from Russia

Venezuela Will Use the Petro to Buy Auto Parts from RussiaVenezuelan government intends to purchase Russian auto parts with its state-issued cryptocurrency. Ministers from both countries have discussed the use of the petro in bilateral transactions during a high-level meeting in Caracas. Possible Russian crypto investments are also on the agenda. Also read: Venezuelans to Buy Homes and Property with State Cryptocurrency Caracas to Build […]

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Strict Rules for ICOs Prepared in Russia

Strict Rules for ICOs Prepared in RussiaA new set of regulations for ICOs has been presented by the Russian Ministry of Communications. Companies organizing token sales will be obliged to guarantee that investors can sell back their tokens. Coin issuers will have to prove they control at least 100 million rubles of authorized capital in a Russian bank account. Also read: […]

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Russians Owe 13% Tax on Their Crypto Incomes

Russians Owe 13% Tax on Their Crypto IncomesRussian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]

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Gazprombank to Try Crypto Deals in Switzerland

Gazprombank to Try Crypto Deals in SwitzerlandGazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto […]

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Russian Hotels to Surprise World Cup Fans with Bitcoin Payments

Russian Hotels to Surprise World Cup Fans with Bitcoin PaymentsFootball Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in […]

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Russian Supreme Court to Decide the Fate of Bitcoin Sites

Russian Supreme Court to Decide the Fate of Bitcoin SitesThe Supreme Court of Russia has taken upon itself the responsibility to decide a case that may become a precedent for the crypto sector. The highest judicial authority in the country has accepted an appeal against the blocking of a popular Russian analytical portal – Bitcoininfo.ru. Its decision will affect dozens of crypto websites with […]

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