It was planned that the law regarding taxation of transactions with cryptocurrency will come into effect this year. But due to the fact that the legislature has not fully established itself in the essence of the digital currency and the approach to transactions with its participation, the adoption of this law was slightly delayed. However, the legislators have several changes in the projects. For example, if the total amount of transactions for a financial year is equal to or exceeded 600,000 rubles, taxes must be paid from it (otherwise – a fine of 10%). When a person has received the right to manage electronic finances (private key), but is not going to make transactions with them yet, he/she is still obliged to report this to the tax office. Otherwise – a fine of 50,000 rubles. Due to the fact that the cryptocurrency is recognized as property, it is subject to personal income tax for individuals and income tax for legal entities. Here the fine ranges from 20% (unintentional tax evasion) to 40% (intentional one). Among other things, last year, amendments were made to the Criminal Code, according to which failure to report large amounts of cryptocurrency (15 million rubles and more) threatens either with a large fine or even with imprisonment.