• The Russian Federal Tax Provider has made an offer for the invoice “On Virtual Foreign money,” proposing that entities be allowed to have interaction in overseas industry the usage of bitcoin and crypto.
  • This advice comes after the Ministry of Finance submitted a draft invoice previous this yr which additionally mentioned bitcoin mining.
  • This law would permit company entities to simply accept bitcoin as a way of cost for items, works and services and products in overseas trades.

Russia’s tax authority proposed that felony entities within the nation must have the ability to settle for bitcoin and different cryptocurrencies as cost in overseas industry contracts, native newspaper Izvestia reported.

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