According to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies. According to the law, digital currencies are recognized as property. This also applies to currencies "used for foreign trade payments within the framework of the Experimental Legal Regime (EPR) in the field of digital innovation. The mining and sale of digital currencies are not subject to VAT. Operators of mining infrastructure are required to report to the tax authorities that issue cryptocurrencies using their services. Failure to transmit such information on time is punishable by a fine of 40,000 rubles. In terms of personal income tax payment, digital currencies obtained through mining will be classified as income in kind (the term is usually used when payments are made using goods or services instead of currency). The value of the resulting currency will be determined according to market quotations. Such income will be taxed at the usual progressive rate, taking into account tax deductions for the amount of mining fees. At the same time, income from the acquisition, sale or other circulation of digital currencies will be taxed at a two-stage personal income tax rate (13% for income up to 2.40 million rubles and 15% for income above this amount). They will be included in the same tax base as trading income from securities, bank deposits and other sources. For corporate income tax, digital currency mining will be taxed at the standard rate (25% from 2025).