Articles for tag: Anton Tkachev, Bitcoin reserve, cryptocurrency strategy, digital currencies, economic sanctions, Financial Stability, Russia

December 10, 2024

Russian Lawmaker Proposes Strategic Bitcoin Reserve to Address Geopolitical Challenges and Strengthen National Economy

A member of Russia’s State Duma has suggested establishing a national Bitcoin reserve, aiming to use cryptocurrency to combat economic sanctions and achieve financial stability. This proposal, introduced by Anton Tkachev, comes after President Putin’s positive remarks about Bitcoin. Tkachev believes that a Bitcoin reserve could serve as a safeguard against inflation and currency instability, ...

December 10, 2024

Market News

Crypto

Russian Lawmaker Proposes Establishing a National Bitcoin Reserve to Strengthen Cryptocurrency Regulation and Economic Stability

A Russian lawmaker, Anton Tkachev, has proposed the establishment of a national Bitcoin reserve aimed at protecting the country against sanctions and geopolitical challenges. According to Tkachev, cryptocurrencies, particularly Bitcoin, can serve as essential tools for international trade, especially for countries facing similar sanctions. He highlighted the vulnerabilities of traditional foreign exchange reserves to economic ...

December 5, 2024

Market News

Crypto

Vladimir Putin Declares Bitcoin Unbannable: A New Era for Cryptocurrency and Global Finance

Russian President Vladimir Putin has shifted his view on Bitcoin, now stating that it cannot be banned and is an unstoppable force. Speaking at the Investment Forum in Moscow, he emphasized that new technologies like Bitcoin will continue to develop, regardless of the status of traditional currencies like the dollar. This change comes after Putin ...

December 5, 2024

Market News

Crypto

Putin Considers Bitcoin as Russia’s Frozen Reserves Highlight Need for Alternative Assets

Russian President Vladimir Putin recently suggested that bitcoin could be a better alternative to foreign currency reserves, raising questions about their effectiveness amid heavy Western sanctions since the Ukraine war began in 2022. He criticized the freezing of about $300 billion in Russian reserves, claiming it harms the US dollar’s global standing. Putin emphasized that ...

December 4, 2024

Market News

Crypto

Putin Affirms Bitcoin’s Future: No Ban on Digital Assets and Cryptocurrencies

Russian President Vladimir Putin has declared that it is impossible to effectively ban Bitcoin and other digital currencies. During a recent speech, he emphasized that these digital assets will continue to grow in usage as people look for cost-effective and reliable alternatives. In a significant move, Russia has now recognized digital currencies as property, allowing ...

December 4, 2024

Market News

Crypto

Putin Asserts Bitcoin and Digital Assets Can’t Be Banned: The Future of Cryptocurrency Explained

During a recent speech at the VTB ‘Russia Calling’ Investment Forum, Russian President Vladimir Putin emphasized that it is impossible to ban Bitcoin and digital currencies. He noted that these innovations will continue to evolve as people seek more cost-effective and reliable financial solutions. Additionally, Russia has officially recognized digital currencies as property for foreign ...

November 29, 2024

Market News

Crypto

Russia Approves Landmark Crypto Bill Requiring Bitcoin Miners to Pay 13%-15% Tax: What It Means for the Industry

Russia’s Federation Council has approved an important cryptocurrency tax bill, marking a significant step in regulating digital assets in the country. Set to come into effect after President Vladimir Putin’s signature, the law introduces a maximum tax rate of 15% on Bitcoin and other digital currencies, aligning them with securities income taxes. Also, mining operations ...

November 29, 2024

Market News

Crypto

Putin Signs Law Recognizing Digital Currencies as Property, Exempting Crypto Mining and Sales from VAT Benefits

Russian President Vladimir Putin has approved a new law that officially recognizes digital currencies as property in foreign trade. This law introduces tax exemption for cryptocurrency mining and related sales from value-added tax (VAT). However, operators of mining facilities must report their clients to tax authorities to avoid fines. Mining profits will be taxed as ...

November 29, 2024

Market News

Crypto

Putin Signs Law Recognizing Digital Currencies as Property, Exempting Crypto Mining and Sales from VAT Benefits

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 ...

November 29, 2024

Market News

Crypto

Putin Signs New Cryptocurrency Tax Law: What It Means for Investors and the Market

President Vladimir Putin has signed a new law aimed at regulating cryptocurrency mining and transactions in Russia. This law acknowledges digital currencies as property and amends the country’s Tax Code. While cryptocurrency mining and sales will not incur value-added tax, operators must report their activities or face fines. Cryptocurrency trading will attract a 13% income ...