Categories
Uncategorized

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining While the law “On Digital Financial Assets” — which entered into force in January this year — regulates certain crypto-related activities such as “digital currency issuance,” it does not explicitly mention cryptocurrency mining. The sector remains unregulated,…

The post Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *