March 28, 2024

The Russian authorities plan to recognize miners as entrepreneurs

The Russian authorities plan to recognize miners as entrepreneurs

The Ministry of Economic Development supports the idea of classifying mining as an entrepreneurial activity with allaccountability and taxation.

Representatives of relevant ministries spoke outfor the inclusion of mining in OKVED. According to officials, these activities should be taxed and controlled by the state. This will make it possible to replenish the budget with tax revenues and protect the electrical system from resource overruns. The Ministry of Energy has already started developing new tariffs for miners.

However, the Central Bank of Russia still actsagainst regulation of the cryptocurrency industry in all its manifestations. According to bankers, the legalization of mining in the country means state support for the production of “cash surrogates.” 

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