The Russian Ministry of Energy plans to introduce the nationwide register of cryptocurrency mining equipment, making registration compulsory for all operations.
According to February 3 reportDeputy Minister of Energy, Yevgeny Grabchak, leads the initiative to clarify and improve the rules of mining existing mining. Moving follows constant concerns about illegal mining, especially in restricted areas.
Authorities intend to establish clearer criteria for defining cryptocurrency and to deal with regulatory gaps that allow unregistered operations to bloom. The government said:
“It is important to adapt the mining law to the current situation, especially on the basis of practical experience, to formulate clearer criteria for classifying activities specifically for the production of digital currency.”
Despite earlier prohibitions, illegal mining in the country is unbridled and enforcement is difficult. Nikolai Shulginov, Chairman of the National Committee of Energy Committee, admitted that the restrictions imposed in several regions of Russia have not completely curbed unauthorized mining.
Miners' lighter adherence to taxes
During this course, the Russian Federal Tax Service (FNS) has introduced a web system that allows cryptocators to declare their profits.
The report stated:
“Taxpayers' personal accounts have appeared in a new feature. With the help of the network service, users can now send information about receiving digital currency to the tax authorities.”
In accordance CupAnyone with a qualified electronic signature is accessible to this feature. The system provides specific tax reporting forms to individuals, businesses and entrepreneurs, responding to broader efforts to integrate crypto into the economy.
Under Russia Updated regulatory frameworkDigital property is considered to be taxable assets. While cryptocurrencies remain free of value, the extraction and trading profit now stands at 15%.
These regulatory measures correspond to the Government's wider strategy to integrate crypto into the economy. Greater regulatory clarity has encouraged companies and individuals to invest in Bitcoin mining and also use Bitcoin and stable transactionsTo.
In 2024 Demand for industrial mining equipment in Russia grew three times compared to last year.
Post To start Russia in the register of national crypto mining equipment appeared first CryptoslateTo.
