Russian Authorities to Exempt Crypto Trading and Custodial Platforms from VAT Amid Draconian Restrictions Russia’s latest crypto legislation is a double-edged sword: a surprising tax break for businesses paired with a brutal clampdown on everyday investors. The Ministry of Finance has rolled out a draft law to exempt cryptocurrency trading and custodial services from value-added […]
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Russia’s Crypto Crackdown: Investment Caps and Bitcoin Barriers Moscow has unleashed a sweeping set of draft laws that could choke the life out of Russia’s cryptocurrency market, slapping hard limits on investments and enforcing state control over a space built on freedom. Approved by the Russian Cabinet of Ministers, these regulations aim to “legalize” parts […]
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Russian Authorities Seize Bitcoin in Crackdown on Illegal Mining in Amur Oblast Russian law enforcement has taken a hard stance against illegal cryptocurrency mining, confiscating Bitcoin (BTC) worth approximately $88,570 (0.8414 BTC) from a former executive in Amur Oblast. This seizure marks a significant escalation in the country’s battle against illicit crypto activities, set against […]
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