MiningTax
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š¢ New law on cryptocurrency mining in Russia: what you need to know! š
The State Duma of the Russian Federation has adopted a law on the taxation of mining and cryptocurrency transactions. Important: the income tax will be 13ā15%, operations related to mining will be exempt from VAT, and requirements for infrastructure operators will become stricter.
This law will come into effect on January 1, 2025. ā³
For miners, this means not only more reporting but also possibly the legalization of their activities within the legal framework.
On one hand, a step towards transparency; on the other hand, a challenge for everyone who is used to working "in the shadows." But how will this affect the market and the cryptocurrency rates? š¤
Share your opinion, crypto enthusiasts! š¬
#CryptoNews #MiningTax #Russia
The State Duma of the Russian Federation has adopted a law on the taxation of mining and cryptocurrency transactions. Important: the income tax will be 13ā15%, operations related to mining will be exempt from VAT, and requirements for infrastructure operators will become stricter.
This law will come into effect on January 1, 2025. ā³
For miners, this means not only more reporting but also possibly the legalization of their activities within the legal framework.
On one hand, a step towards transparency; on the other hand, a challenge for everyone who is used to working "in the shadows." But how will this affect the market and the cryptocurrency rates? š¤
Share your opinion, crypto enthusiasts! š¬
#CryptoNews #MiningTax #Russia
š¢ Bitcoin Tariffs ā What You Need to Know in 2025 š§¾š„
The crypto world is buzzing as the U.S. government considers a 30% excise tax on electricity used for Bitcoin and crypto mining. This proposal, aimed at addressing environmental concerns, would be phased in over three years (starting at 10%, reaching 30%).
š” Why It Matters:
- Could push mining operations out of the U.S.
- Might impact Bitcoinās price due to increased mining costs
- Raises debate over regulation vs innovation in crypto
Meanwhile, trade tensions between the U.S. and China are also affecting the mining supply chain, causing delays and cost spikes for hardware. This has contributed to recent price volatility.
š Current Market Snapshot (as of April 15, 2025):
- BTC Price: $85,472
- Trend: Slight upward movement despite global pressure
š Takeaway:
Bitcoin continues to show resilience, but global policies and tariffs are becoming key factors in its market movement. Stay informed, and always DYOR before making any moves!
#bitcoin #CryptoNews #MiningTax #BTC2025 #BinanceSquare #DYOR #CryptoRegulations
#BitcoinWithTariffs $BTC
The crypto world is buzzing as the U.S. government considers a 30% excise tax on electricity used for Bitcoin and crypto mining. This proposal, aimed at addressing environmental concerns, would be phased in over three years (starting at 10%, reaching 30%).
š” Why It Matters:
- Could push mining operations out of the U.S.
- Might impact Bitcoinās price due to increased mining costs
- Raises debate over regulation vs innovation in crypto
Meanwhile, trade tensions between the U.S. and China are also affecting the mining supply chain, causing delays and cost spikes for hardware. This has contributed to recent price volatility.
š Current Market Snapshot (as of April 15, 2025):
- BTC Price: $85,472
- Trend: Slight upward movement despite global pressure
š Takeaway:
Bitcoin continues to show resilience, but global policies and tariffs are becoming key factors in its market movement. Stay informed, and always DYOR before making any moves!
#bitcoin #CryptoNews #MiningTax #BTC2025 #BinanceSquare #DYOR #CryptoRegulations
#BitcoinWithTariffs $BTC
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