The State Duma of the Russian Federation will consider a bill on the taxation of cryptocurrencies

• The authorities of the Russian Federation have designated a tax rate for cryptocurrencies
• The government described the mechanism of taxation
• Mining regulation still remains in limbo

The amount of tax on cryptocurrency is determined based onfrom the size of the financial result for each individual operation. The government presented such a taxation scheme for cryptocurrencies in a bill presented in the State Duma, writes TASS.

The bill also states that taxesthe services of operators of information systems in which digital financial assets (DFA) are issued, as well as the services of DFA exchange operators for the admission of digital rights, will also be taxed.

"The amount of tax payable on the date of determinationthe financial result for transactions with digital financial assets is determined based on the size of the financial result for each individual transaction with digital financial assets and each set of transactions with digital financial assets, calculated on an accrual basis from the beginning of the tax period, offset by previously withheld tax amounts,- the bill states.

The government proposes to levy a 13% tax onusers of crypto exchanges, if dividends are paid on their digital rights (cryptocurrencies). In addition, the operator of the information system (crypto-exchange) is obliged, no later than February 1, 2023, to submit to the tax authority at the location of its location information on transactions with digital financial services in relation to each user.

• The Ministry of Finance of the Russian Federation proposed to give cryptocurrency trading platforms the right to test investors, and also outlined the requirements for mining.
• The bill also states that digitalcurrency can be accepted as a means of payment, however, it is not a monetary unit of the Russian Federation or an investment. Digital currency is property.
• The bill also affected mining.Legal entities will be required to enter a special register. Individuals who mine cryptocurrency are not required to register as an individual entrepreneur if the energy consumed does not exceed the limits set by the government. Which ones, however, are not disclosed.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	AAX	https://aax.com	7.2
4	Exmo	https://exmo.me	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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