The Financial Market Committee of the Russian State Duma proposed an interesting suggestion on January 14th — to transfer part of the cryptocurrency mining regulation responsibilities from the Federal Tax Service to the Ministry of Finance. This adjustment covers a wide range, involving mining pools and their organizers, groups of miners, and companies operating mining infrastructure. In other words, in the future, reporting mining income and supervising the operation of mining pools may need to follow new departmental procedures. For miners and industry practitioners, this means that the regulatory process might change, so they should pay attention to subsequent detailed regulations. This also reflects Russia's ongoing efforts to regulate cryptocurrency mining.
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BearMarketBuyer
· 10h ago
Is Russia about to tighten mining regulations again? Regulatory agencies are passing the buck, and in the end, it's the miners who suffer.
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OvertimeSquid
· 10h ago
Another round of rectification? Russia is really trying to squeeze the miners dry.
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ZKProofEnthusiast
· 10h ago
Russia is messing with mining again. It seems like every time the regulators make an adjustment, they just add to the miners' troubles.
The Financial Market Committee of the Russian State Duma proposed an interesting suggestion on January 14th — to transfer part of the cryptocurrency mining regulation responsibilities from the Federal Tax Service to the Ministry of Finance. This adjustment covers a wide range, involving mining pools and their organizers, groups of miners, and companies operating mining infrastructure. In other words, in the future, reporting mining income and supervising the operation of mining pools may need to follow new departmental procedures. For miners and industry practitioners, this means that the regulatory process might change, so they should pay attention to subsequent detailed regulations. This also reflects Russia's ongoing efforts to regulate cryptocurrency mining.