The Currency Analytics
By Maheen Hernandez
Russia might tax cryptocurrency like it would tax a treasure. Crypto mining is compared to finding a treasure.
"Using legal fiction, it could be argued that the first owner of the crypto assets 'found them,' since the receipt from an anonymous system can be conditionally considered a find.”
Thus the treasure might be permitted to exchange for Rubles.
In Russian Legal Practice, the taxation of such items is equated to "Newly Created Things" which will include the property which is generated individually by a Citizen.
Mining is human activity as a result of which newer products like Bitcoin occurs. Cryptocurrencies will be considered a thing which will be used in transactions in barter…
There was a point in time when Russia chose to ban cryptocurrencies, and it did not ever have a welcoming attitude towards digital assets.
However, during April 2019, one of the regulators published a study, which stated that the cryptocurrency was “the least risky and most liquid assets available to a wide range of…
Bertrand Perez stated, "We are not in the area of implementing any monetary policy with the (Libra) reserve.
The attitude towards cryptocurrency is different in different regions. And newer outlook towards cryptocurrencies and more unique reasons for its implementation are being…
No matter how organizations deal with it, the anonymity factor can be an ear sore to the government.
The FATF is working hard to avoid regulatory arbitrage. The FATF will consider the importance of maintaining consistency in the monitoring process to eventually help with…