Crypto analysts in Russia? Come on, give me a break...

Ah, comrades... Our government is once again tackling something it poorly understands. They recognized my favorite crypto as property, but it can't be used for payments. It's some kind of idiocy! Here I am, sitting with a couple of bitcoins, and I'm thinking - do I really have to give up to 15% of my hard-earned profit to the guys in suits?

What is this new plague?

Since 2021, our smart ones have passed a law stating that crypto is property. Not money, but property! Like a sofa or a stool, can you imagine? You can't buy bread with bitcoin, but selling it and paying tax is mandatory! The classics of our lawmaking.

And you know what? Theoretically, I should record every transaction I make. Bought ETH for 150 thousand, sold for 200? Well, please declare a profit of 50 thousand rubles. But who will check? How? Exactly!

Betting is a delicate matter

For ordinary mortals like me, the income tax is applied:

• 13% - if you earn less than 2.4 million in a year
• 15% - if more

Legal entities and individual entrepreneurs pay up to 25% income tax. If you are on the simplified tax system, then either 6% on income or 15% on the difference "income minus expenses".

Miners are even worse off - tax is taken from the moment the coin is mined at its market value. So, if you mined at a rate of 3 million and sell at 1.5? You still have to pay tax on three! Complete nonsense!

Declarations, papers, nightmare!

By April 30 of next year, I need to submit this cursed 3-NDFL. And what, do I have to record every transaction now? I have hundreds of them a month! Who even came up with this mockery?

They say you can collect statements from trading platforms. But have you seen these statements? Try to make sense of this mess of numbers and fees!

And what about abroad?

In Singapore, individuals do not pay tax on crypto at all! In Portugal, you can also trade without taxes if it's not a professional activity. Even in Germany, if you hold crypto for more than a year, you do not pay tax!

And what about us? Even if you held Bitcoin for 10 years, you still have to part with some of the profits! It doesn't matter that inflation has eaten half of your money during that time.

How to live with it?

I'll tell you this - most of my acquaintances who are crypto traders have completely ignored these declarations. How will the tax office find out about my trades on a foreign platform? Right, they won't.

Of course, if you withdraw millions to a card - the bank may report it. But for regular amounts... who needs to track that?

What’s next?

In 2025, operations with crypto were exempted from VAT, and for that, thank you! They say that licensing of trading platforms will be coming soon. That's just what we needed!

I personally will continue to trade cautiously, not exposing large amounts and hoping that our lawmakers will finally understand - cryptocurrency is the future, not the enemy of the state.

And for now, the rule is simple - don't get caught with large amounts, and you will be happy. Such is the harsh Russian reality.