Policy Event Β· Medium impact

Russia Advances Crypto Tax Reform On Net Profit Basis

Russia's State Duma approved at first reading a crypto tax reform bill that calculates taxable crypto gains on net profit and allows losses to offset gains in the same tax period. The bill would also make brokers and trust managers personal-income-tax agents, adding reporting and withholding duties to regulated intermediaries.

Medium impactπŸ‡·πŸ‡Ί RussiaTaxationRegulationState Duma

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: State Duma. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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