Russian citizens can now pay taxes on their cryptocurrency earnings, despite the lack of legal status for crypto, as the Federal Tax Service recognizes it as property. Key Points The Russian tax body has announced that citizens can now pay taxes on their cryptocurrency earnings, despite the fact that crypto tokens have no legal status in the country. This move …
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The Russian finance ministry has proposed a ban on cryptocurrency circulation, except for stablecoin issuers and miners. Key Points The Russian finance ministry has reportedly proposed a ban on the circulation of cryptocurrency in the nation, with exceptions for stablecoin issuers and crypto miners. The proposals are believed to be included in the much-awaited crypto mining legalization bill that has …
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Russia’s Supreme Court has ruled that Bitcoin-to-fiat trades by criminals can be considered money laundering, setting a legal precedent for future cases involving virtual assets. Important Points In a significant ruling, Russia’s Supreme Court has determined that Bitcoin-to-fiat trades conducted by criminals can be classified as money laundering. The court made this judgement in a case involving a citizen who …
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The US Department of Justice has pressed charges against a Russian national named Mikhail Pavlovich Matveev for executing a crypto ransomware plan that targeted the infrastructure of the United States. According to the indictment obtained from the District of New Jersey, Matveev, who used the online alias Wazawaka, participated in three distinct ransomware organizations that collectively demanded $400 million in …
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According to reports, India and Russia, two of the most powerful members of the BRICS group, are currently in talks to merge their payment systems. The motivation behind this move is a mutual desire to overcome the financial limitations affecting Moscow. The Economic Times has stated that S Jaishankar, India’s External Affairs Minister, and Denis Manturov, Russia’s Deputy Prime Minister, …
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