only-legal-entities-are-allowed-to-mine-in-russia

Only legal entities should be engaged in mining – this business needs to be regulated, Anatoly Aksakov, head of the State Duma committee on the financial market, said in an interview with Izvestia.

At the same time, Aksakov stressed that at the moment the draft law on the legalization of cryptocurrencies, prepared by the Ministry of Finance, does not affect the field of mining.

“I believe that in the case of mining, taxation should be close to what is established in the market for goods and services: VAT and income tax should be introduced. At the same time, mining should be allowed only in energy-abundant regions. Only legal entities should be engaged in mining – it should be a regulated business. As for crypto-currency financial assets, here taxation should be the same as in the financial segment,” the deputy said. discussed in government. According to the deputy’s expectations, the document will be submitted to the State Duma in May. So far, the Central Bank stands on the position of a complete ban on operations with cryptocurrencies in Russia, so a lot of improvements are expected, he added. of the year. Then the Central Bank published an advisory report, where it advocated a complete ban on mining and circulation of cryptocurrency in the country. In response to this, the Ministry of Finance of the Russian Federation developed a bill that provides for the legalization and regulation of the industry.

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