Russian tax bureau agrees startups to register cryptocurrency as company capital

November 27 news, Russian startup Artel has officially added Bitcoin to its equity capital, the company submitted a notarized document confirming that the new investment is in digital currency instead of the fiat currency ruble, the change in ownership distribution has changed After registration, the Russian tax office agreed to change its registration status. Experts from Russia's "Kommersant" said the case would not have an immediate effect on Russia's cryptocurrency policy, but would expand its legal use. Legal experts emphasize that this is indeed the first time the country's tax authorities have confirmed a capital deposit transaction in cryptocurrency.