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Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry.
Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining
While the law “On Digital Financial Assets” — which entered into force in January this year — regulates certain crypto-related activities such as “digital currency issuance,” it does not explicitly mention cryptocurrency mining. The sector remains unregulated, the Russian Ministry of Finance has recently acknowledged in comments to the local press. The industry has been expanding in Russia which is rich in energy resources and ranks among the world’s top destinations in terms of share of the global hashrate.
According to the Ministry of Economic Development, Izvestia wrote in an article, mining should

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