“Officials Say The List Will Help Identify Mines and Enforce New Tax and Energy Rules As Russia Formalizes the Crypto Sector.”, – WRITE: www.coindesk.com
Deputy Energy Minister Petr Konyushenko told State News Outlet Ria Novosti The List Has Been Distributed to Regions WHERE MINING ACTIVITY IS HIGH.
“The Creation of Such A Register Will ALLOW FOR THE PRECISE IDENTIFICATION OF CONSUMERS USING ELECTRICITY FOR MINING,” KONYUSHUNKO SAID, ADDING THAT The MOVE IS Part of An Effort to LEGALIZ Electricity Consumption.
The Initiative Comes After Last Year Russia Made Crypto Mining Legal in the Country. Under The Laww, Businesses and Entrepreneurs Must Register with Tax Authoritities to Operate Mining Facilites.
Private Citizens Can Mine with Without Registering, But Only if they Stay WitHin Government-Set Limits for Electricity Use. Regardless of Size, All Miners Must Report Howch Digital Currency They Produce to the Tax Service.
The Move Is Part of Russia’s Broader Embrace of the Crypto Sector. Just Last Week, State-Bone Conglomerate Rostec, Known for Its Role in the Country’s Military-Industrial Complex, ReveAled Plans to Rolla Out A Ruble-Pegged Token Called Called.
