Russia Looks To ‘Tighten Control’ Over Crypto Traders With New Tax Measures

Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions.

Per media outlet RIA Novosti, industry sources have claimed Moscow wants to force all traders to submit annual tax declarations outlining the details of their transactions with cryptoassets.

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