The Russian Federation may change the threshold for the declaration of cryptocurrencies

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In his Telegram channel, Gorelkin drew attention to the rise in the price of the first cryptocurrency above $60.000. “Before our eyes, it is becoming a driver not only of the shadow economy, but also an independent non-state means of payment in general,” the deputy wrote.

Gorelkin recalled that the first attempt to regulate the turnover of cryptocurrencies within the framework of the Tax Code has started, and tax authorities will consider them as property.

"Accordingly, the tax consequences will be the same as for transactions with the sale and purchase of property - that is, either personal income tax or income tax. Control will be carried out on requests for information from banks, not within the framework of tax audits. Those people, from whose bank accounts money is debited in favor of crypto-exchanges, will obviously fall under the control of tax authorities, ”he added.

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