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Russia recognizes cryptocurrency and introduces new tax policies

New tax law: The new law officially recognizes cryptocurrency as an asset for taxation, with a rate of 13% for income under 2.4 million rubles and 15% for profits above that.

Encouraging mining: Mining companies will face a 25% tax starting in 2025 and will be able to deduct electricity costs to reduce taxable income.

Trading conditions: Transaction tax will be based on the market price on the day of the transaction, and traders may use data from foreign exchanges.

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