Russia Approves Tax Break For Issuers Of Digital Assets

Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.

Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in their issue.Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine and lawmakers have scrabbled to bring in new legislation to soften the blow. The draft law, approved by State Duma members in the second and third readings on Tuesday, envisages exemptions on value-added tax for issuers of digital assets and information systems operators involved in thei