Russian government proposed legalizing cryptocurrency mining
Deputy Prime Minister Alexander Novak believes it would be advisable to legislate cryptocurrency mining
21.03.2022 - 13:30
242
1 min
0
What’s new? Russian Deputy Prime Minister Alexander Novak believes that cryptocurrency mining should be fixed in Russia at the legislative level as a type of activity. He added that such a decision will allow for the legalization of mining and the levying of taxes in this sector. Novak said this at a meeting with the LDPR faction, TASS reports.
Information on the TASS website
What does the Deputy Prime Minister say? Novak stated that legalizing cryptocurrency mining will allow regulating the industry. He added:
“My personal opinion is that, in principle, it is necessary to legalize, to put it into the system of tax relations. We have spare capacity. It is important that it be fixed at the legislative level.”
What had happened before? In January, Vladimir Gutenev, Chairman of the State Duma Committee on Industry and Trade, stated that cryptocurrency mining farms in Russia should not be banned. According to the deputy, such enterprises can be preserved, subject to strict control by the regulatory authorities.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024