Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report
2025-07-07 21:59:59
Main Idea
Russian authorities are working on regulating cryptocurrency mining, with efforts including a tax registry for miners, though compliance remains low, and exploring the use of idle power for mining infrastructure.
Key Points
1. Only 30% of miners have registered with the Federal Tax Service since late 2024, despite laws being adopted.
2. Russia is implementing special regulations and taxation for cryptocurrency mining, with two laws signed in late 2024.
3. Due to the conflict with Ukraine, some international exchanges have ceased operations in Russia, while domestic companies explore mining opportunities.
4. Russian power company PAO Rosseti is investigating the use of idle power for hosting mining infrastructure.
5. The regulatory landscape in Russia is evolving, but full legalization of mining has not yet been achieved.
Description
According to a local newspaper, the Russian Ministry of Energy, the Ministry of Digital Development, and the Federal Tax Service have compiled a “registry” that has been sent to regions with increased mining activity. An official of the Finance Ministry, Ivan Chebeskov, stated that despite certain laws being adopted, only 30% of miners had signed the official register of the Federal Tax Service since the end of 2024. A Step Forward In Regulation Local newspaper RIA Novosti reported that the coun...
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