{"id":56695,"date":"2022-01-27T16:02:17","date_gmt":"2022-01-27T14:02:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56695"},"modified":"2025-09-04T07:45:24","modified_gmt":"2025-09-04T04:45:24","slug":"putin-backs-legalisation-and-taxation-of-mining-in-russia-instead-of-a-ban","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/putin-backs-legalisation-and-taxation-of-mining-in-russia-instead-of-a-ban\/","title":{"rendered":"Putin backs legalisation and taxation of mining in Russia, instead of a ban"},"content":{"rendered":"<p>Russian President Vladimir Putin backs the government&#8217;s proposal to tax and regulate cryptocurrency mining rather than ban it. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-27\/putin-backs-crypto-mining-despite-bank-of-russia-s-hard-line?sref=AACmJ2tc\">Bloomberg<\/a> writes, citing sources familiar with the situation.<\/p>\n<p>According to them, Putin supports the idea of legalising cryptocurrency mining in regions with excess electricity, such as Irkutsk Oblast, Krasnoyarsk Krai and Karelia.<\/p>\n<p>Co-founder of BitCluster Vitaly Borchenko said that representatives of the mining industry were invited to join the working government group after the publication of <a href=\"https:\/\/forklog.com\/en\/news\/hard-to-ban-what-is-not-defined-by-law-experts-assess-possible-mining-ban-in-russia\">the Bank of Russia&#8217;s report proposing to ban cryptocurrency mining in Russia<\/a>.<\/p>\n<p>The government <a href=\"https:\/\/forklog.com\/en\/news\/duma-members-warn-that-the-central-banks-stance-on-cryptocurrencies-risks-turning-russia-into-a-laughing-stock\">does not back the Bank of Russia&#8217;s position<\/a> regarding a total ban on the circulation of crypto assets and mining. <a href=\"https:\/\/forklog.com\/en\/news\/russian-finance-ministry-opposes-a-ban-on-cryptocurrencies\">The Ministry of Finance has advocated regulation of the industry<\/a> and prepared <a href=\"https:\/\/forklog.com\/en\/news\/finance-ministry-unveils-plan-to-regulate-cryptocurrencies-in-russia-instead-of-banning-them\">its own concept<\/a> on this issue. It has already been backed by <a href=\"https:\/\/forklog.com\/en\/news\/rosfinmonitoring-backs-the-ministry-of-finances-stance-on-bitcoin-regulation-in-russia\">Rosfinmonitoring<\/a> and <a href=\"https:\/\/tass.ru\/ekonomika\/13544199\">\u0420\u043e\u0441\u0441\u0438\u0439\u0441\u043a\u0438\u0439 \u0444\u043e\u043d\u0434 \u043f\u0440\u044f\u043c\u044b\u0445 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0439<\/a>.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/putin-urges-government-and-central-bank-to-align-on-cryptocurrency-regulation\">Putin urged<\/a> the government and the Bank of Russia to come to a unified view on cryptocurrency regulation. He also said that Russia has competitive advantages in mining \u2014 a surplus of electricity and well-trained personnel.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian President Vladimir Putin backs the government&#8217;s proposal to tax and regulate cryptocurrency mining rather than ban it. Bloomberg reports, citing sources familiar with the situation.<\/p>\n","protected":false},"author":1,"featured_media":56696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1451,1137,1632],"class_list":["post-56695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia","tag-cryptocurrency-mining","tag-vladimir-putin"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56695"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56695\/revisions"}],"predecessor-version":[{"id":56697,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56695\/revisions\/56697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56696"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}