Bill to legalise mining in Russia to be reintroduced in the State Duma

The State Duma will reintroduce a bill to legalise cryptocurrency mining. This was stated by Anton Gorelkin, deputy chairman of the Committee on Information Policy.

He said the consideration of sector-specific regulatory acts is progressing rather slowly.

“As a co-author of the bill to legalise mining, I can confirm that it will be postponed. I hope that in some form we will be able to implement it this year,” said Gorelkin.

The mining regulation bill has been registered in the State Duma since mid-November 2022. It obliges individuals and legal entities to report to the tax authorities about mined cryptocurrencies, indicating the address to which they are credited.

Additionally, the document also bans advertising digital currencies or offering them in any form to an unlimited audience.

Due to the need for additional approvals, the consideration of the bill was pushed back to 2023.

Earlier, the State Duma said that the taxation of miners in Russia would be carried out in the same way as other businesses and would depend on the form of their registration.

In January, the Energy Commission of the State Council sent to the government a recommendation for a complete ban on mining in residential buildings to prevent fires.