Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining

While the law “On Digital Financial Assets” — which entered into force in January this year — regulates certain crypto-related activities such as “digital currency issuance,” it does not explicitly mention cryptocurrency mining. The sector remains unregulated, the Russian Ministry of Finance has recently acknowledged in comments to the local press. The industry has been expanding in Russia which is rich in energy resources and ranks among the world’s top destinations in terms of share of the global hashrate.

Read more below:

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs