On November 19th, according to the International News Agency, the Russian government has approved a draft amendment to the bill on the taxation of cryptocurrency transactions and mining income and expenses. According to the proposed legislation, for tax purposes, cryptocurrency will be classified as property and mining income will be taxed based on its 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, with transaction income subject to the same tax rate as securities trading income, and the highest personal income tax rate being 15%.