Russia to implement crypto tax before regulation

After a meeting in the Russian Committee for Digital Economy, it was decided that the federation will implement guidelines for taxing cryptocurrencies before legislative processes for regulating digital assets are finalized. According to representatives of the Committee, having no guidelines on how to treat crypto taxes are going to create unnecessary issues for people involved in the industry. This targets not only institutional players, but retail as well. Meaning that individuals who file taxes on a regular monthly basis will have to classify their crypto capital gain as well and calculate due tax based on the exchange rate of a