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THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation. The draft law provides that cryptocurrency will be recognized as property, but only for taxation. Residents are required to inform about transactions with digital currency if the amount of receipts or write-offs for the year is more than 600,000 rubles. The author of the bill is ...

Alibaba stops sales of crypto mining equipment

The Chinese corporation Alibaba has announced that it will ban the sale of cryptocurrency mining equipment on its platform from October 8. The distribution of training materials and software will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other ...

ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS

... turning point for Bitcoin. McGlone believes that bitcoin will soon become a protective low-risk asset, and in the future, it may be transformed into a global reserve asset. He added that according to the analytical group, after the rise in 2021, the cryptocurrency will become a risk-free asset. At the moment, the price of one is estimated at 55.2 thousand dollars or 4,181,979 rubles. At the same time, many investors are wary of digital currency, fearing that its growth strategy resembles a “bubble”.

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