The Bitcoin exchange rate has fallen below $20,000, and Russia has adopted a law on the taxation of
The Bitcoin exchange rate has already filled its teeth even to the speculators who have been filling their pockets for years on the fluctuations of exchange assets. Even less than a month ago, digital gold cost 32 thousand dollars, but even then investors had fair questions about the future of cryptocurrencies. No wonder, because many of these guys invested millions of dollars in a rapidly developing digital asset, and eventually got a dummy with a chance of complete depreciation. Most recently, the Bitcoin exchange rate fell below 18 thousand, which provoked a whole wave of sales. Analysts say that mining has ceased to bring profit even to large players. So far, we are talking about those who use outdated equipment, or pay more for electricity than in the whole market. And yet, the problem does not seem far-fetched, because at the end of May, as many Bitcoins were sold as mined. There are no statistics for June yet. There is an opinion that the first month of summer will bring experts a lot of surprises, because all this time the market is storming.
Today, Bitcoin has gone below $ 20,000 again, although it didn't last long, after which digital gold has risen a little and at the time of writing this material is trading above the moral limit for investors. The latter requires some explanation. The fact is that big players rely on analytical data, so numbers are important for them. When the curve goes down and the prospects are zero, most of the asset holders rush to sell, which not only leads to depreciation, but can also lead to a wave of mass bankruptcies. $ 20,000 is a significant figure, since many experts previously assured that the Whales would not allow the Bitcoin exchange rate to go lower. So far, everything is going to parity, because exchanges are buying new coins, and miners receive low or zero income.
At the same time, there are fewer and fewer optimistic forecasts, and the growing inflation in the US and the EU, as well as global political instability, are of particular concern. In this regard, a further decline in the market is expected, but the onset of the crypto winter, about which experts talk so much, is still ahead. No one knows how much Bitcoin will cost in the fall, but this does not mean that there is a single scenario according to which it is possible to get out of a crisis situation. Sometimes absurd ideas are put forward by type: sell all the coins today, and then buy at the bottom, but all this is their category of assumptions, so let's focus on what is already known. As reported, the State Duma of the Russian Federation adopted amendments to the bill on taxation of digital assets. All miners, traders and any other persons who somehow receive income from cryptocurrencies will be offered to pay a tax at a 13% rate. If you are a big fish, you will have to part with 15% of revenue. The exact same rate applies to any foreign companies.
It was decided to abandon the use of value added tax (VAT), if we are not talking about the rights to software or consulting services. Apparently, participants in such transactions will simply conduct them under a different sauce in order to avoid an unpleasant surcharge. The document is quite detailed and defines the deadline for paying taxes until February 1. This means that miners do not need to pay anything for 2021, but in 2022 they will have to part with 13% of income. At the same time, the possibility of reducing the amount in case of losses and other factors is indicated.
And this is where the main problem arises, because the Bitcoin exchange rate is falling, which means that even in Russia on old equipment, miners will soon go into negative territory. It turns out that farmers will have to hire a specialist who is able to calculate all the income, and then calculate the amount with which to pay the same 13%. At what rate is the profit calculated? Let's assume that you earned $5,000 in June. And if the course is different in winter? There are too many questions, so it's worth waiting for more specific explanations.
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