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Taxes, Higher Electricity Rates Coming for Russian Bitcoin Miners - Lawmaker
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The parliamentarian charged with creating Russia’s crypto regulation has hinted that crypto mining tax could be coming – while the days of rock-bottom energy prices for miners across the whole CIS region appear to be coming to an end.
Per Finworld, Anatoly Aksakov, the head of the State Duma’s Financial Market Committee, told attendees at a fintech summit:
“[Russians] are not prohibited from mining, but the regulation of this sector has not yet been clearly carried out. The issue of the taxation of this sector must be properly spelled out in legislation.”
Across the border in Belarus, miners already pay higher rates than individuals, although the government has taken a pro-mining and crypto stance. Lawmakers elsewhere in the region may well
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