
An employee of a diamond mining company in Russia was reportedly sentenced to seven years in prison for providing financial assistance to the military forces of Ukraine. According to local media outlet Izvestia, a man from the Mirninsky district of Yakutia is now detained in a maximum security prison after using cryptocurrency to repeatedly transfer […]
The post Russian Sentenced to Seven Years in Prison for Sending Crypto Assets to Ukrainian Military: Report appeared first on The Daily Hodl.
Ukrainian legislators are reportedly likely to approve a proposed law that will legalize cryptocurrency in the country. Citing a statement from Danylo Hetmantsev, chairman of the unicameral parliament Verkhovna Rada’s Financial, Tax and Customs Policy Committee, the Ukrainian online newspaper Epravda reports there is a high probability that Ukraine will legalize cryptocurrency in the first […]
The post Ukraine Primed To Legalize Cryptocurrency in the First Quarter of 2025: Report appeared first on The Daily Hodl.
Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.
Ukraine reportedly plans to legalize cryptocurrencies in early 2025, according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, but the legislation will not include tax breaks.
The draft bill, currently under review, is expected to be finalized by early 2025 in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF). Its primary aim is to regulate digital assets while ensuring fiscal oversight.
Despite earlier speculation around possible tax incentives, standard taxation rules similar to securities trading will be applied under the legalized framework — meaning all profits from crypto transactions will be taxed upon conversion to fiat currencies.
Russia is reportedly making plans to launch its very own crypto exchange platforms and stablecoins. According to a new article by local news publication Kommersant, Russia is planning on creating at least two crypto exchanges – one based in Moscow and another in St. Petersburg – as well as stablecoins pegged to the Chinese yuan and BRICS […]
The post Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report appeared first on The Daily Hodl.