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Weekly Regulatory Update (Week 14, 07/04/2022 - 13/04/2022)
Pakistan will soon make a decision on virtual asset regulations. Slovenia is set to introduce a flat tax on crypto transactions. Russia prohibits crypto payments.
The Russian government said last Thursday that cryptocurrency use as a means of payment will continue to be prohibited, however crypto mining may be explored. Furthermore, cryptocurrency tax and property laws could be implemented this year.
Last Thursday, the Slovenian government announced plans to introduce a flat tax on crypto transactions. Set at just under 5%, the goal of the move is to simplify the current taxation system and improve Slovenia’s competitive position.
On Monday, Pakistan’s High Court asked officials, who had previously recommended a blanket ban on all crypto activity, to submit their final recommendations on virtual asset regulation, which currently sits in a legal grey area.
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