regulation in the field of cryptocurrency circulation into Russian

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On 28.11.2020, the Russian government approved a bill that will introduce tax regulation in the field of cryptocurrency circulation into Russian legislation. This is reported on the Agency's website http://government.ru Cabinet of Ministers.

"Approve the draft Federal law" on amendments to parts one and two of the Tax code of the Russian Federation" and submit it to the State Duma in accordance with the established procedure," the report says.

In November of this year, the Ministry of Finance announced the development of a package of bills to regulate digital currencies. In particular, it was proposed to make it mandatory to declare transactions for a certain amount.

As indicated in the published draft laws, a Declaration regarding cryptocurrencies is proposed to be submitted if the amount of receipts or write-offs on the accounts of an individual or legal entity during the year exceeds 600 thousand rubles, without taking into account the movement of such currencies between the accounts of one person or organization

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