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According to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies. Under the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of experimental legal systems (EPR) in the field of digital innovation. The mining and sale of digital currency do not require payment of value-added tax. Operators of mining infrastructure must report to tax authorities that issue cryptocurrencies using their services. Failure to deliver such information on time can result in a fine of 40,000 rubles. In terms of personal income tax, digital currency obtained through mining will be classified as physical income (usually used when paying with goods or services instead of money). The value of the received currency will be determined based on market quotes. Such income will be taxed at regular progressive rates while considering deductions for mining costs. At the same time, gains from acquiring, selling or other circulation activities involving digital currencies will be taxed at two-tiered personal income tax rates (13% for incomes up to 2.4 million rubles and 15% for amounts exceeding this). They will fall under the same taxable base as revenues from securities transactions, bank deposits and other sources. In terms of corporate income tax, cryptocurrency mining is subject to standard rate taxation (25% starting from 2025).

Bitget market data shows that BTC has broken through $97,000, currently reported at $97,036.67, with a 24-hour increase of 2.23%.