New Law Recognizing Bitcoin and Crypto Assets As Property in Russia Passes First Hurdle

Russia may soon recognize Bitcoin (BTC) and other cryptocurrencies as property. The parliament’s lower house, the State Duma, has reportedly passed the first reading of a bill that would tax digital assets. According to state news agency RIA Novosti, the proposed legislation requires local and foreign residents and organizations within Russia to report crypto transactions […]The post New Law Recognizing Bitcoin and Crypto Assets As Property in Russia Passes First Hurdle appeared first on The Daily Hodl.