Russian Court Rules P2P Crypto Transactions Taxable Business Activity

币界网报道:A Russian court has ruled that peer-to-peer (P2P) cryptocurrency transactions constitute taxable business activities, setting a precedent that could impact the country's crypto landscape. The decision came after a case involving an individual who conducted P2P trades totaling over 500 million rubles ($5.4 million) without registering as a business or paying taxes. The court determined that such transactions, when conducted systematically for profit, qualify as entrepreneurial activity under Russian law, requiring proper tax registration and payments. This ruling aligns with Russia's broader efforts to regulate crypto-related activities while maintaining its ban on using digital assets for payments. Legal experts suggest the decision may prompt more scrutiny of P2P platforms and traders, potentially affecting Russia's thriving informal crypto economy. The case highlights ongoing tensions between crypto users seeking financial freedom and authorities aiming to maintain fiscal control.

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