Russia’s Finance Minister has announced that Bitcoin is now being utilized in foreign trade transactions under a new “experimental regime.” This move reflects the country’s ongoing efforts to adapt to changing financial landscapes, particularly in light of international sanctions. By integrating Bitcoin into cross-border payments, Russia aims to enhance its trade capabilities and reduce reliance ...
Russia’s Finance Minister has announced that many Russian companies are now using Bitcoin for foreign trade to bypass Western sanctions. To support this, the government has recently implemented laws legalizing Bitcoin mining and other cryptocurrencies. Finance Minister Anton Siluanov noted that Bitcoin transactions are already happening and should expand next year. President Putin has also ...
Russian President Vladimir Putin has recently signed a law that officially recognizes digital currencies as property for foreign trade settlements. This new legislation includes significant updates to the tax framework for cryptocurrency activities. Specifically, crypto mining and sales will be exempt from value-added tax (VAT), but operators must inform tax authorities about their clients or ...
