Russia is planning to tax cryptocurrency transactions , with the rate expected to be about 13 % . The State Duma and ministry of Finance are believed to be preparing legislation , but the tax is not expected to be introduced immediately . If the tax is launched , the miners will be classified as entrepreneurs and be able to maintain jobs and pay taxes , although some individuals may be exempt . Details have yet to be released . The Ministry of Finance admitted last year that the regulation ran against the principle of independence for electronic currencies .
Russia is planning to tax cryptocurrency transactions, with the rate expected to be about 13%. The State Duma and Ministry of Finance are believed to be preparing legislation, but the tax is not expected to be introduced immediately. If the tax is launched, cryptocurrency miners will be classified as entrepreneurs and be expected to maintain records and pay taxes, although some transactions may be exempt. Details have yet to be released. The Ministry of Finance admitted last year that state regulation ran against the principles of independence for electronic currencies.