The law on taxes on cryptocurrency in Russia may be adopted in the fall

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The draft law on taxation of operations with cryptocurrencies may be adopted in the fall, said Anatoly Aksakov, head of the State Duma Committee on the Financial Market, during the International Economic Forum in St. Petersburg (SPIEF).

He noted that the draft law was planned to be adopted in the spring session, but “the discussions did not allow this work to be completed.”

Earlier, Aksakov said that the consideration of the bill is moving slowly due to the arisen disputes “on the essential categories.” Prior to this, the media reported that discussions around the document arose between the Bank of Russia and the Ministry of Finance.

Aksakov added that the bill could be supplemented with taxation of digital financial assets (DFA).

Sergei Batekhin, General Director of Interros, noted that without the adoption of amendments to the legislation concerning the taxation of CFA, the business will not be able to fully launch the tokenization of assets.

On February 17, the State Duma of the Russian Federation adopted a draft law on taxation of transactions with cryptocurrencies in the first reading.

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