New Taxes for Miners
🔘Starting January 1, 2025, Russia will implement new taxation rules for income derived from cryptocurrency mining and sales. Under Law No. 418-FZ, miners will be required to pay…
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Taxation of Mining: New Rules
🟠The Russian government has approved amendments to the Tax Code regulating mining and cryptocurrency operations. Starting in 2025, miners will be subject to profit tax (for legal entities)…
Mining Ban in 13 Regions
🔴The Government Commission on Energy Development has approved a ban on cryptocurrency mining in 13 regions of Russia starting in December 2024, Deputy Energy Minister Yevgeny Grabchak announced.…
Regulation of Mining in Russia
🔵The Russian government has approved amendments to the draft law on cryptocurrency mining. Digital currencies have been recognized as property for tax purposes. Income from mining will be…
New Rules for Miners
🟦The government will gain new powers, allowing it to prohibit mining in specific regions and establish procedures for implementing such bans. The registry of miners will be transferred…
New Mining Regulations in Russia
🟡The State Duma has passed a law clarifying the regulation of cryptocurrency mining. It will come into effect on November 1, if approved by the Federation Council. 🟡The…
Mining in Russia: The Battle for Electricity
🟡Recently, Russia has become one of the leaders in cryptocurrency mining. However, this has led to electricity shortages in some regions of the country. Authorities are looking for…
Russia Legalizes Mining
🟠 Russia is starting the formation of a register of miners, which will be developed and maintained by the Federal Tax Service (FTS). The legalization of mining was…
Mining Companies’ Performance in August 2024
🔶 August 2024 proved to be a challenging month for mining companies, with a decrease in mining volumes reported. 🔸 Marathon Digital (MARA) mined 673 BTC, which is…
Legalization of Mining in Russia
🟢Regulating mining, allowing cross-border settlements, and enabling exchange trading of digital currencies are considered by experts as steps that could elevate the digitalization of Russia’s economy to a…
Legalization of Mining in Russia: New Draft Law
🔵 One of the key aspects of the new draft law is the legalization of mining as a type of entrepreneurial activity. It is expected that this will…
Foundry Launches Bitcoin Mining Equipment
⚡ Foundry, a subsidiary of Digital Currency Group and operator of the largest Bitcoin mining pool, has launched a new venture, Foundry Hardware. The company is producing its…