The development of tax legislation for transactions with cryptocurrency

This article reveals the key aspects of the functioning of the cryptocurrency and the process of its digital transformation as a monetary unit. The advantage of cryptocurrency over other types of means of payment is considered. It explains the legislative status of cryptocurrency in Russia today, its trends and development. The taxpayer's status is determined, in connection with which he can or cannot receive income from cryptocurrency procedures. The article presents the procedure for accounting the tax base for cryptocurrency purchase and sale transactions in Russian and foreign practice.