Litecoin

Russian Tax regulations on Crypto - Litecoin AI/ML Signal

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Russian tax payers have begun to start declaring income and profits from cryptocurrencies before the country’s government decision on the legality of cryptocurrencies. The country’s Finance Ministry has clarified the applicable tax rules for investors, however, the State Duma is still fine-tuning upcoming regulations on cryptocurrencies. The Finance Minister said tax payers can reduce their taxable crypto income by deducting expenses for the purchase of crypto assets.


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