On November 19, according to the Interfax news agency, the Russian government has approved the draft amendments to the bill on taxation of income and expenditure from cryptocurrency transactions and mining. According to the proposed legislation, cryptocurrencies will be classified as property for tax purposes, and income generated from mining activities will be taxed according to the market value at the time of receipt. Miners will be allowed to deduct expenses related to mining operations from their taxable income. In addition, cryptocurrency transactions will be exempt from value-added tax, in which transaction income will be subject to the same tax rate as income from securities transactions. The maximum rate of personal income tax is 15%.