{"id":1743,"date":"2016-12-05T10:04:49","date_gmt":"2016-12-05T10:04:49","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=1743"},"modified":"2016-12-05T10:04:49","modified_gmt":"2016-12-05T10:04:49","slug":"russia-bitcoin-recognized","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html","title":{"rendered":"Russia Bitcoin recognized by tax authorities"},"content":{"rendered":"<p>The uncertainties about the relationship Russia Bitcoin were finally disappeared.<\/p>\n<p>In an <strong>official document<\/strong> published a few days ago on November 29th\u00a0<strong>Russia\u2019s federal tax service<\/strong> expressed its new position regarding the legality of Bitcoin use and transactions.<\/p>\n<p>In fact, the document finally explained that there is <strong>no legal prohibition of digital currencies<\/strong>\u00a0in Russia.<\/p>\n<h2 dir=\"ltr\">Russia Bitcoin and uncertainty<\/h2>\n<p dir=\"ltr\">For almost three years <strong>it was not clear if the Russian authorities \u00a0wanted to ban or accept Bitcoin<\/strong> and introduce several penalties.<\/p>\n<p dir=\"ltr\">Somewhere during this period, the Russian ministry of finance commented about the possibility of a<strong>\u00a0four years imprisonment<\/strong> introduction\u00a0for people involved in the Bitcoin use.<\/p>\n<p dir=\"ltr\">Also, even bank officials sentenced to seven years in prison and banned from holding certain positions.<\/p>\n<p dir=\"ltr\">However, <strong>Russian authorities changed their idea<\/strong> and gave the ministry of finance a new <strong>directive to write a law on Bitcoin.<\/strong><\/p>\n<h2 dir=\"ltr\">For Russia Bitcoin is a foreign currency<\/h2>\n<p dir=\"ltr\">The federal tax service\u2019s <strong>document affirms the legality of Bitcoin<\/strong> and indicates that all trading operations related to Bitcoin and any other digital currency are to be considered as foreign and external securities.<\/p>\n<p dir=\"ltr\">In fact, this document essentially defines the buying and selling of Bitcoin and other cryptocurrencies a\u00a0<strong><a href=\"http:\/\/forklog.net\/russian-tax-service-voices-stance-on-cryptocurrencies\/\" target=\"_blank\" rel=\"nofollow \">monetary transaction<\/a>.<\/strong><\/p>\n<h2 dir=\"ltr\">Bitcoin for Money laundering and terrorism<\/h2>\n<p>However, the document also explained that Russian authorities will investigate about people who use Bitcoin for money laundering and terrorism.<\/p>\n<p>Even if this calls for KYC and AML from exchanges is yet to be clarified by the Russian government as there are more interpretations that are yet to be communicated.<\/p>\n<p>Source: Coindesk.com<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The uncertainties about the relationship Russia Bitcoin were finally disappeared. In an official document published a few days ago on November 29th\u00a0Russia\u2019s federal tax service expressed its new position regarding the legality of Bitcoin use and transactions. In fact, the document finally explained that there is no legal prohibition of digital currencies\u00a0in Russia. Russia Bitcoin [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,76,191,468,542],"tags":[764,1218,1277],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia Bitcoin recognized by tax authorities -<\/title>\n<meta name=\"description\" content=\"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia Bitcoin recognized by tax authorities\" \/>\n<meta property=\"og:description\" content=\"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"facebook.com\/ameliatomasicchiomarketing\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-05T10:04:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"332\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amelia Tomasicchio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ametomasicchio\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amelia Tomasicchio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html\",\"name\":\"Russia Bitcoin recognized by tax authorities -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg\",\"datePublished\":\"2016-12-05T10:04:49+00:00\",\"dateModified\":\"2016-12-05T10:04:49+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c\"},\"description\":\"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage\",\"url\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg\",\"contentUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg\",\"width\":624,\"height\":332,\"caption\":\"bitcoin accepted\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"bitcoin\",\"item\":\"https:\/\/holytransaction.com\/blog\/tag\/bitcoin\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Russia Bitcoin recognized by tax authorities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction&#039;s Blog - Your crypto blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/holytransaction.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c\",\"name\":\"Amelia Tomasicchio\",\"description\":\"Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.\",\"sameAs\":[\"facebook.com\/ameliatomasicchiomarketing\",\"https:\/\/twitter.com\/ametomasicchio\"],\"url\":\"https:\/\/holytransaction.com\/blog\/author\/amelia\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Russia Bitcoin recognized by tax authorities -","description":"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html","og_locale":"en_US","og_type":"article","og_title":"Russia Bitcoin recognized by tax authorities","og_description":"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.","og_url":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html","article_publisher":"https:\/\/facebook.com\/holytransaction","article_author":"facebook.com\/ameliatomasicchiomarketing","article_published_time":"2016-12-05T10:04:49+00:00","og_image":[{"width":624,"height":332,"url":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg","type":"image\/jpeg"}],"author":"Amelia Tomasicchio","twitter_card":"summary_large_image","twitter_creator":"@ametomasicchio","twitter_site":"@holytransaction","twitter_misc":{"Written by":"Amelia Tomasicchio","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html","url":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html","name":"Russia Bitcoin recognized by tax authorities -","isPartOf":{"@id":"https:\/\/holytransaction.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage"},"image":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage"},"thumbnailUrl":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg","datePublished":"2016-12-05T10:04:49+00:00","dateModified":"2016-12-05T10:04:49+00:00","author":{"@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c"},"description":"Russia Bitcoin: tax authorities recognized digital currencies in Russia. Federal tax service said that there is no legal prohibition of cryptocurrencies.","breadcrumb":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#primaryimage","url":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg","contentUrl":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/bitcoin_accepted.jpg","width":624,"height":332,"caption":"bitcoin accepted"},{"@type":"BreadcrumbList","@id":"https:\/\/holytransaction.com\/blog\/2016\/12\/russia-bitcoin-recognized.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/holytransaction.com\/blog"},{"@type":"ListItem","position":2,"name":"bitcoin","item":"https:\/\/holytransaction.com\/blog\/tag\/bitcoin"},{"@type":"ListItem","position":3,"name":"Russia Bitcoin recognized by tax authorities"}]},{"@type":"WebSite","@id":"https:\/\/holytransaction.com\/blog\/#website","url":"https:\/\/holytransaction.com\/blog\/","name":"","description":"HolyTransaction&#039;s Blog - Your crypto blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/holytransaction.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c","name":"Amelia Tomasicchio","description":"Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.","sameAs":["facebook.com\/ameliatomasicchiomarketing","https:\/\/twitter.com\/ametomasicchio"],"url":"https:\/\/holytransaction.com\/blog\/author\/amelia"}]}},"_links":{"self":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1743"}],"collection":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/comments?post=1743"}],"version-history":[{"count":0,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media\/880"}],"wp:attachment":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media?parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/categories?post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/tags?post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}