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They want to apply a taxation scheme to new financial instruments similar to the one that was formed for securities.
Russia does not plan to introduce VAT on transactions with digital financial assets (DFA). About this, with reference to the words of the head of the State Duma Committee on the Financial Market Anatoly Aksakov writes TASS.
- By the term DFA, the authorities mean property in electronic form, which has been created using cryptographic means. Digital financial assets include such classic cryptocurrencies as bitcoin and Ethereum.
- According to Anatoly Aksakov, regulators plan to apply to the CFA practically the same taxation regime as to securities. This approach, noted the head of the State Duma Committee on the Financial Market, does not imply the collection of value added tax when conducting transactions with digital financial assets.
- At the moment, the draft law on the introduction of the taxation regime for the CFA is being coordinated in the relevant departments. The first reviews of the document, according to Anatoly Aksakov, will appear in early 2022.
- Recall that the regulatory authorities of the Russian Federation have been working on the formation of a legal framework for digital assets since 2017. Despite this, many questions still remain outside the regulatory field. For example, in Russia there is still no legal environment for miners. At the same time, the authorities are trying to control the members of the crypto community using the available levers of pressure.
We will remind, recently, information appeared on the network that unqualified investors in Russia may be prohibited from buying cryptocurrency.
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