LEGALIZATION OF INVESTMENTS IN DIGITAL CURRENCY: FEATURES OF TAX REGULATION IN RUSSIA

Abstract

The article was prepared based on the results of the study, the subject of which are legislative short stories in connection with the entry into force of the Federal Law “On Digital Financial Assets, Digital Currency and on Amending Certain Legislative Acts of the Russian Federation”. Using a very extensive methodological basis (a general scientific dialectical method of cognition, analysis, synthesis, comparative legal, formal methods), the author analyzes the content and essence of digital currencies (cryptocurrencies) and the principles of taxation of income received from operations with them. Prospects for the use of digital financial assets on the Russian economy are noted. In the work, the author summarizes the current state of tax regulation of cryptocurrency operations both in the general tax system and in special tax regimes. It is noted that the obligation of crypto investors to determine the tax base and pay income tax arises only at the time of conversion of cryptocurrency into a ruble bank account, into electronic fiat money. It is indicated that certain categories of citizens in the Russian Federation are prohibited from acquiring digital financial assets and digital currency. The scientific novelty of the study is that it identifies the most problematic tax aspects and solutions for them. The author emphasizes that despite the legalization of cryptocurrency turnover, in Russia there is a trend towards strict state regulation and control of the turnover of digital currencies.