BREAKING NEWS: BITCOIN IS ABOUT TO DROP TO AROUND $2000

Regulating Russian Crypto Mining
The head of the Committee on Financial Markets Anatoly Aksakov told the radio station Says Moscow on Thursday that cryptocurrency miners will be registered and taxed via electricity consumption, the station detailed. To identify miners, he explained:

If we talk about mining, then this is a large consumption of electricity, it is obvious that it is not difficult to track. I do not see any problems here.
Russian Regulators Think They Found a Way to Find, Tax, and License Cryptocurrency Miners
Anatoly Aksakov.
He said the government is currently discussing how to tax cryptocurrency miners since “they receive quite a large income. This income should be taxed.” Says Moscow quoted him saying. “It is also important that the concept of cryptocurrency be defined: either as a financial instrument or as a commodity. Proceeding from this, taxation will be determined.”

Regarding their licensing, Deputy Finance Minister Alexei Moiseyev told reporters last week that it “may be handled by the Federal Tax Service (FTS),” Ria Novosti reported. “The main task of licensing is for tax purposes, so, perhaps, the Federal Tax Service will do this, but it has not been discussed,” he said.

Last week, the finance ministry proposed to create a registry of cryptocurrency miners and to only allow approved entities and individual entrepreneurs to engage in mining activities. The registry would exist “in order to counter money laundering and terrorist financing,” according to Yana Pureskina, the finance ministry’s Director of the Financial Policy Department.

When Russia takes action on bitcoin it is estimated to take the biggest dip of all time. Sources are still keeping their word but now is the time to sell if you have and buy if you dont.