Wednesday, December 8, 2021
Home Crypto News Market Russia Seriously Thinking To Regulate Crypto Mining

Russia Seriously Thinking To Regulate Crypto Mining

- Advertisement -

Deputy Chairman of the Committee on Security and Anti-Corruption, Andrei Lugovoi proposed to form a committee that ensures the legalization of crypto mining in Russia.



At the parliament session on Thursday, November 11, Andrei Lugovoi said that after the adoption of the digital financial assets law last year, Russia continues to lose tax revenues and has been standing still for a year and a half in regulating cryptocurrency mining. The deputy proposed to legalize mining.

“We have prepared a bill, we will introduce it soon, And we will regulate cryptocurrencies mining,” the parliamentarian said.

He believes that miners annually enrich themselves by $2 billion at the expense of the Russian population and at the same time do not pay taxes. In addition, the lack of crypto regulations makes it difficult for law enforcement agencies to act against cryptocurrency frauds.

State Duma Chairman Viacheslav Volodin supported the deputy’s proposal and instructed to create an inter-committee working group to regulate cryptocurrency mining. Earlier the information appeared that the Russian Ministry of Economic Development is in favor of the recognition of mining as an entrepreneurial activity. The initiative was also supported by Anatoly Aksakov, head of the Committee on Financial Markets in the State Duma.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Floki Inu To Be Seen At Least 210 Million Times After Floki New Partnership With Russian Most Famous Football Club

 Floki Inu announced a partnership with the Russian most famous Football club "Spartak-Moscow." window.coinzilla_display = window.coinzilla_display ||...

Dogecoin Entered Top 5 Most Searched Google News Queries of 2021

Dogecoin (DOGE) ranked fourth in the list of the most searched Google searches worldwide in the News category in 2021. trends.embed.renderTopChartsWidget("12671d45-ca76-450b-9ced-14f27b4587b4", {"geo":"GLOBAL","guestPath":"https://trends.google.com:443/trends/embed/"}, 2021);...

New Order Announces $NEWO Token Sale Through Dutch Auction On MISO

Toronto, Canada, 8th December, 2021, New Order, a community-driven venture DAO incubator for decentralized financial (DeFi) projects, announced the public sale of its governance...

Billionaire And Former Google CEO, Eric Schmidt Becomes Chainlink Strategic Advisor

Former Google CEO and Billionaire, Eric Schmidt has joined oracle provider Chainlink Labs as a strategic advisor. ...

Shiba Inu Games Became Partners With Australian Playside Studios

Playside Studios (PLY) shares price jumped more than 4% to $0.83 after Australia’s largest publicly listed video games developer entered into a material fixed...

Visa Is Launching An Advisory Practice That Will Help Further Mainstream Adoption Of Bitcoin And Other Digital Assets

Payment giant Visa has announced the launch of a new advisory division to help clients navigate the cryptocurrencies world reported by CNBC.

10% Of Americans Plan To Give Crypto On Christmas As Gift With Bitcoin #1 Choice For Holiday Gifting

Almost every tenth citizen of the United States is ready to give cryptocurrencies as a gift for the New Year, and every fourth is...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.