Miners are forced to pay taxes with bitcoins

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Photo: Gillian Flaccus / AP

The miners and owners of cryptocurrencies in Russia will apply the existing rules of the Tax code. This “Izvestia” said the Chairman of the Duma Committee on financial market Anatoly Aksakov.

The bill on digital of financial assets [cryptocurrency] would be adopted during the autumn session of the state Duma, said Aksakov. He explained that for owners of cryptocurrency do not developed a separate tax regimes, therefore, will be subject to applicable provisions of the tax legislation.

Aksakov suggested that the individual modes of collection of taxes could be spelled out on the initiative of the government. “If you want to separately describe these types of business it will write. While tax issues we can not describe”, — explained the head of the Duma Committee on financial market.

In may the state Duma has approved the bill “On digital of financial assets” in the first reading. According to the document, bitcoins will be recognized as legal means of payment in Russia.

In the same month, the experts analyzed the exchange rate of bitcoin over the last year. They found that the cost of bitcoin has done a full circle over the year and in the near future will remain at the level of 8-10 thousand dollars.

Video, photo All from Russia.

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