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In the Russian Federation there are amendments to the tax legislation concerning income from cryptocurrencies

Now Russian investors must file income declarations and give them details of their investment activities. This rule applies to Russians living both in Russia and abroad.

Recall that cryptocurrencies in Russia are considered property. This gives the right to protect interests, but also imposes responsibilities. So, now those whose income from cryptocurrencies will exceed 600,000 rubles ($8184) per year, must pay 13% to the state treasury.

Tax evaders face fines. It will amount to 10% of the hidden amount of income. There is also an additional fine if the investor submits a declaration, but does not pay taxes in full or in part.

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