Russia will start taxing with digital ruble from 2025
Russian tax authorities will start levying taxes in digital rubles from 2025, and banks are also empowered to prevent "suspicious" CBDC transactions. The Russian Ministry of Finance hopes to "start paying pensions and other social benefits with digital rubles" as part of an expanded pilot program, with government agencies committing to more actively adopt digital rubles by 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bloomberg: Bitcoin Plunges Into Danger Zone as Options Factors Intensify Market Volatility
Cryptocurrency ETF outflows intensify as investors withdraw nearly 1 billion dollars
mF International to raise $500 million through private placement to establish a Bitcoin Cash treasury