Mining in the Law: The Ministry of Finance Supports Official Recognition

⚫ The Ministry of Finance supports the official recognition of mining and the assignment of an OKVED code. This will help move miners out of the “gray” area, improve electricity grid load planning, and increase tax collection.

⚫ It is expected that by 2025, the industry could generate up to 50 billion rubles annually. The adoption of cryptocurrency mining regulation legislation is an important step for the development of this sector.