Russian ministry proposes criminal charges for failure to report crypto tax

Cointelegraph

Published Sep 24, 2020 05:39AM ET

Updated Sep 24, 2020 04:40PM ET

Russia’s Ministry of Finance is continuing to push regulations for the cryptocurrency industry by proposing new tax requirements.

The ministry now reportedly wants to introduce criminal liability for failure to declare taxes on crypto, including prison terms of up to three years.

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