Russia’s Ministry of Energy supported the legalization of mining
The department is also discussing a taxation model for cryptocurrency mining jointly with the Ministry of Finance
11.04.2022 - 14:50
310
1 min
0
What’s new? The Ministry of Energy of Russia supported the idea of legalizing mining. In addition, the Ministry of Energy jointly with the Ministry of Finance is discussing a taxation model for miners. The department believes that miners should consume electricity at a tariff for “others” consumers, rather than at a preferential tariff for the population. This was reported by State Duma deputy from United Russia Anton Gorelkin referring to a letter from the ministry on his Telegram.
What else does the ministry’s letter say? The Ministry of Energy sees certain risks of disruption to the uninterrupted power supply when mass mining takes place in residential sectors. The ministry stated that the activities of household miners will seriously increase the load on the power grids. However, the Ministry of Energy believes that all the negative effects can be leveled by qualifying mining as a type of commercial activity and creating an appropriate taxation model.
What preceded it? On March 26, 2022, Deputy Energy Minister Yevgeny Grabchak called for mining to be made legal as soon as possible. He believes that there is “a legal vacuum” in this sphere that should be addressed as quickly as possible. On April 6, 2022, the Ministry of Industry and Trade proposed to oblige miners to use domestic equipment. Denis Manturov, head of the ministry, believes that this will help to reduce information security risks.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 215
BTC
+0.64%
-
Ethereum
$3 306.42
ETH
-1.63%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
+26.04%
-
Dogecoin
$0.403136
DOGE
+2.61%
-
Cardano
$0.900611
ADA
+12.61%
-
Bitcoin Cash
$478.59
BCH
-2.75%
-
Polkadot
$6.12
DOT
+2.96%
-
Stellar XLM
$0.290527
XLM
+20.1%
-
Litecoin
$88.99
LTC
-1.27%