The bill “On mining in the Russian Federation” – What should miners prepare for?

A bill “On mining in the Russian Federation” has been introduced to the State Duma. Deputies propose to consolidate the concept of mining asactivities using Russian facilitiesinformation infrastructure and user equipment located in the Russian Federation, the result of which is the creation of a digital currency. RBC Crypto writes about this.

The document also definesmining pool. This is software and hardware that combines the computing power of several mining devices and distributes the resulting digital currency among the owners of these devices.

The bill provides forby the authorized federal body of the register of mining participants based on the information provided by such participants. Individuals will be able to mine if they register as an individual entrepreneur or self-employed person and register in the register of mining participants if they consume electricity in excess of the limits set by the government.

The mining operator will keep a record of the generateddigital currencies, their types, agreements with users, digital currency exchange operators or payment systems and banks, exchange services that buy digital currencies. Such an operator will be able to work only if it is included in the register of mining participants.

If the law is passed within a year inthere will be an “amnesty” for mining participants registered in the register. It will affect the customs clearance of imported equipment for the extraction of cryptocurrency and the payment of relevant taxes, compliance with the legislation on currency regulation and currency control, as well as other rules.

On April 8, the Ministry of Finance finalized the bill “Ondigital currency" taking into account the previously received positions of the departments and sent it to the Government. Certain provisions of the document, including those related to mining, have been clarified and specified.

The bill provides for the creationcomplex regulation of the crypto market, including the procedure for performing transactions with digital currencies and their issue, as well as determining the specifics of the activities of the subjects of the crypto market.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	AAX	https://aax.com	7.2
4	Exmo	https://exmo.me	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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