Russia Will Impose a 15% Tax on Earnings from Crypto Mining and Trading
On Monday, the Russian Ministry of Finance proposed a tax rate of 15% on crypto earnings as part of a larger effort to regulate cryptocurrency mining and transactions.
Russia Legalizes Crypto Mining
Russian President Vladimir Putin has signed a new law aimed at reducing the country’s dependence on the United States dollar in international trade.
OKX and Bybit Suspend Cooperation with Large Russian Banks
Russian users of crypto exchanges Bybit and OKX will now no longer be able to withdraw funds to accounts with Sberbank and Tinkoff Bank.
OKX Limits Services for Russian Citizens
Due to the requirements of Russian regulators, OKX cryptocurrency exchange amended on June 19 the service for Russian citizens by restricting their access to a number of products.
Russia May Ask Crypto Exchanges to Verify Users’ Identity Through Passports
Russia has proposed to introduce passport identification of users of crypto exchanges.
Russia May Legalize Cryptocurrency Mining Next Year
Russia’s Parliament received a new draft law on the regulation of the mining industry last week.
Kraken Temporarily Bans Russian Users
Kraken has joined the list of cryptocurrency services that have stopped offering their services to Russian users.
