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Russian President Putin Signs Game Changing Crypto Taxation Law

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Summary
Nutrition label

73% Informative

Russian President Vladimir Putin has signed a law recognizing digital assets as property.

The law establishes a two -tier tax system for income from cryptocurrency transactions.

Cryptocurrency mining will be taxed at the standard corporate rate of 25% starting in 2025 .

The development comes at a time when other markets such as Hong Kong plan absolute exemption of crypto taxation.

VR Score

58

Informative language

49

Neutral language

58

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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