A law on cryptocurrency taxes in Russia may be adopted in the fall.
A bill on taxation of cryptocurrency transactions could be adopted this fall, said Anatoly Aksakov, head of the State Duma Committee on Financial Markets, during the International Economic Forum in St. Petersburg (SPIEF).
He noted that the draft law was planned to be adopted during the spring session, but “discussions did not allow this work to be completed.”
Aksakov previously stated that the bill's review was progressing slowly due to disputes “over essential categories.” Prior to this, media outlets reported that discussions surrounding the document arose between the Bank of Russia and the Ministry of Finance.
Aksakov added that the bill may be supplemented with taxation of digital financial assets (DFA).
Interros CEO Sergey Batekhin noted that without legislative changes regarding the taxation of digital financial assets, businesses will not be able to fully implement asset tokenization.
On February 17, the Russian State Duma adopted a bill on taxation of cryptocurrency transactions in the first reading.
