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Russia To Recognize Crypto As Property


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"and their owners will be able to count on legal protection in the event of any illegal actions, as well as to defend their property rights in court."

But per the article:

"However, the current status of the local crypto ecosystem remains in doubt because the government is planning to officially ban payments in crypto in January 2021. Russian authorities also want to introduce prison terms for failing to report annual crypto transactions of about $600,000."

So basically, "you can own it, we can tax it.... but you can't use it here to pay for anything."

https://cryptocrunchapp.com/news/russia-to-recognize-crypto-as-property/

russia GIF

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