Crypto regulations in Post-Soviet countries

[vc_row][vc_column][vc_paragraph text=”Post-Soviet countries seems to be quite open for crypto, especially for taxpayers reporting about the income they got from it or if increases the economic potential of these countries.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Legal basis for crypto in the former USSR ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Russia” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Russia has declared that the crypto is not illegal once it has been bought abroad. The situation there looks promising because it’s expected that the new legislation is going to legalize mining and crypto trading. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Ukraine” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It seems that Ukraine wants to regulate the crypto space. Recently the Ukrainians have been collaborating with Binance for creating regulatory framework. Besides, its Tax Service offered some guiding principles for taxpayers to know how to report about their crypto assets. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Belarus ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Belarus is one of the leaders, and here bitcoin is accepted as a legal. Moreover, mining and operations with crypto are not taxed. Crypto is regulated and the Belarusians have recently proposed a law that would allow the government to seize it from criminals. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Turkmenistan ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The Turkmen government is very controversial. ICOs were forbidden by the authorities but there is no clear Government’s ban concerning all crypto assets. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Estonia ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It’s amazing but Estonia is one of the most crypto friendly countries. Here people can buy digital assets without problem. But if a thousand euro limit in a month is exceeded, you may be required to notify the government. However, bitcoin was legal here and in fact the government created a new way for people to use it in their economic interest. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Latvia ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Unlike its neighboring country, Latvia is not so open for crypto industry. Crypto currency status is controversial here, although 26 ICO have already been launched. In 2017 Latvia added crypto in its legislation about AML and imposed requirements for monitoring for virtual currencies’ providers. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Lithuania ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Lithuania declared BTC legal to improve its economy. In 2017 33 ICO were held in Lithuania and you can easily buy or sell crypto assets here. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Georgia ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In the sphere of mining Georgia rose to the challenge. It’s known that crypto is free from value added taxes. Nevertheless , ICOs are restricted. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Azerbaijan ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Crypto currencies are legal here, but the Central Bank advised people to be cautious with trading. Besides, statutory instruments are being drafted and the industry’s future status is unknown. Although there were a lot of news about the fact that Azerbaijan began to use blockchain technology. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Uzbekistan ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Uzbekistan is one of the world leaders in virtual currencies’ implementation. The Uzbeks legalized Bitcoin completely and also made trading and mining legal and tax-free. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Armenia ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Armenia didn’t legalize crypto, that’s why its status is rather controversial there. Probably, the Armenians wait until countries to show an example.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Kyrgyzstan ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bitcoin is legal, but using it as a currency in internal calculations is forbidden by government. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Kazakhstan ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The president of Kazakhstan urged to regulations of crypto currencies under control of UNO. It seems that the Kazakhs tend to become one of the world leaders in crypto sphere. Binance even added variants for accepting the Kazakh’s tenge. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Moldova ” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”No good. Central Bank has declared that investment in crypto assets is very risky and is not recommended. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Tajikistan” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As in Moldova, Central Bank of Tajkistan announced that there are risks in using assets of the kind. So BTC is illegal there. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It should be noted that such countries as Estonia, Lithuania or Belarus in fact are open really for crypto currencies and have made progress in using it.”][/vc_column][/vc_row]