Market News | It is assumed that the digital currency will be equated to a certain property, and it will be taxed - the head of the Department of the Ministry of Finance

There are a lot of questions about taxation. There is a taxation that is associated with physical individuals with legal entities. A separate topic is the taxation of mining. In general, it is assumed that digital currency will be equated to a certain property. Like some property it will be taxedif, for example, this property will earn income

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— Head of the Financial Policy Department of the Ministry of Finance of Russia Ivan Chebeskov

Will there be a transitional period for this taxation?

We understand that it is necessary to encourage citizens to move to the “white plane”, not to hide their savings. For some, taxation may bedemotivating factor. We are discussing various mechanisms for a certain transitional period in terms of taxation, so that this serves as an incentive, including to declare your ownership of these assets.

Cryptocurrency taxation in Russia may be similar to income tax - Economics and business - TASS (tass.ru)