Taxes on Cryptocurrency: All You Need to Know

Starting now, cryptocurrency transactions will be included in the general tax base alongside income from stocks, bonds, and deposits. For Russians earning up to 2.4 million rubles annually, the tax rate is 13%. If the income exceeds this threshold, the excess will be taxed at 15%, plus a fixed 312,000 rubles.

Key updates: mandatory reporting of cryptocurrency transactions exceeding 600,000 rubles and bank requirements to provide statements on such operations will be excluded from the law. Fines for non-reporting crypto income will also be removed.

Meanwhile, amendments are being prepared for the Administrative and Criminal Codes to introduce stricter penalties for illegal operations with digital assets.