On May 7, 2018, the Ninth Arbitration Court of Appeal delivered a judgement that caused a great stir to the "digital world". Cryptocurrency was recognized as property that could be foreclosed.
Tatiana Frolova
Tatiana Frolova
Leading Lawyer
Korpus Prava Private Wealth
Autors Articles
It is property, after all!
Amendments to provisions governing liability for violations of the currency legislation of the Russian Federation
From July 31, 2020, Federal Law No. 218-ФЗ “On Amendments to Articles 3.5 and 15.25 of the Code of Administrative Offences of the Russian Federation” dated 20.07.2020 became effective and amended provisions governing liability for violations of the currency legislation.
New Year – New Rules
One of the innovations that completely changed the current practice was the introduction of liability for illegal currency transactions in the form of a fine amounting to 75 to 100 % of the amount of the currency transaction.
Alarming 2020 year for the personal income tax
In 2020, changes made to the Tax Code of the Russian Federation affected mainly individuals with income above the national average.
