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Amendments to Mining Taxation in Russia: What Changes for the Cryptocurrency Sector and Investors
... November 15, 2024, the Russian government approved a draft amendment to the federal law regulating the taxation of mining and operations with digital assets. These changes represent a significant step in the development of the legal framework for mining in Russia, aiming to legalize and streamline taxation in this sector. Below, we will explore the key aspects of the amendments and analyze their impact on the Russian cryptocurrency market and investment strategies.
Key Provisions of the Amendments
Recognition of Digital Currency as Property
Under the new regulations, digital currency is officially recognized as property for taxation purposes. This means that cryptocurrency received from mining ...
Accel: A venture capital fund that supports startups around the world
... one of the world's leading venture capital firms, supporting technology startups at all stages of development. Established in 1983, Accel (formerly known as
Accel Partners
) has invested in notable companies such as Facebook (owned by Meta, banned in Russia),
Spotify, Dropbox, Slack
, and
Flipkart
. In this article, we will take an in-depth look at the history of the fund, its investment strategies, the startup selection process, and the successful and unsuccessful deals that have impacted its reputation and development.
History and Philosophy of Accel
Accel was founded in 1983 by Arthur Patterson and Jim Swartz, and since ...
Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market
.... On a global scale, the growing share of RES in electricity generation reduces the economy's dependence on fossil fuels. In Russia, the share of renewable generation (excluding large hydropower) does not exceed ~3% in the energy balance, but state programs are aimed at increasing RES capacities. Indirectly, this could also impact transportation: ... ... clean and cheap electricity produced, the more attractive electric transport becomes. Moreover, some oil and gas companies are investing in RES projects, aiming to diversify their businesses in the future. Research is also underway on alternative fuel types ...
The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects
... fluctuations in the exchange rate. For my project, this opens up additional prospects, since a stable currency market makes it easier to plan settlements and long-term strategies.
In my opinion, the decision to create its own currency platform shows that Russia is striving for maximum autonomy in the financial sector. This will have a positive impact on the country's investment attractiveness, because having its own currency exchange demonstrates the independence and stability of the economy. Supporting domestic financial transactions and reducing the influence of external factors allows businesses to develop more ...
Key Economic Events and Corporate Earnings: Week of August 4 - 8, 2025
From August 4 to 8, 2025, significant economic events are taking place that could influence financial markets and investment decisions. This period will see the release of important corporate reports, providing clear insights into the state ... ... the manufacturing sector. Anticipated information regarding inflation and the impact of sanctions on the economic situation in Russia and other European countries will also be discussed. Stay with us to learn all the details and forecasts!
Key Economic ...