BRICS: Russia Approves New 15% Crypto Tax Bill
Amid the ongoing digital asset embrace that the BRICS alliance has undergone over the last year, Russia has officially approved a new 15% crypto tax bill. Indeed, the legislation will implement a tax on both cryptocurrency mining and transactions while perceiving the asset as property. The move comes as another key step in Moscow’s ongoing reveal regarding the asset class. Earlier this year, the country opted to undo its ban on cryptocurrencies in international settlements. Now, it has taken steps to introduce financial obligations on traders and miners. As BRICS continues to de-dollarize, crypto is expected to play an increasing role in its economic activity. Source: Daily Sabah Also Read: This BRICS Nation is Now the Fastest Growing Economy in The G20 Russia Approves Crypto Tax Bill as BRICS Could Expand Integration For the last two years, the BRICS alliance has been a focus of geopolitics. The blco has emerged as a key challenger to the global status quo and Western hegemony. A...