In recent years, the number of digital transactions for
purchase and sale of real estate has been continuously growing. The number of those wishing to
buy an apartment or house for bitcoins is also growing. However, Russian laws do not regulate such transactions.
Today,
purchase of real estate for cryptocurrency is allowed only in a few countries, including USA, Singapore, Indonesia and Switzerland. A deal on
buying a home for cryptocurrency is absolutely safe and legal if it takes place within the framework of the legislation of the country where the property is located.
< br> Recall that in Russia, payment for services and goods with cryptocurrencies is still prohibited. Therefore, the only way to make a transaction
purchase and sale of real estate with payment in cryptocurrency in Russia is to conclude an agreement on
purchase an apartment in rubles and at the same time conclude transactions for the sale of cryptocurrency or
buy real estate a> through a cryptocurrency fund, writes RBC.
The first announcement of
sale of housing for bitcoins was published in March 2013 year,
a house was sold in Canada. In 2017, M9 Development became the first Russian developer to announce
selling real estate for cryptocurrency. Cottages were put up for sale for bitcoins. Since there is no legislation in Russia regulating the taxation of cryptocurrencies, M9 hired an international law firm that developed the structure of the transaction, taking into account the peculiarities of the Russian legal field.
