PANews reported on November 28th that, according to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on crypto regulations, proposed at the recent Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to legalize these underground miners who account for 60% of the country's total miners. Ogienko pointed out that although Russia legalized mining this year, the lack of amnesty provisions for illegally imported equipment hinders miners from registering with the Federal Tax Service. Currently, only about 150 mining farms and 1,300 mining entities nationwide have completed registration. Power shortages have occurred in power-rich regions such as Siberia due to the over-concentration of mining farms, and more than ten regions have issued mining bans this year. Russian law enforcement agencies and power companies are jointly conducting nationwide raids, using technical means to locate illegal mining farms. This amnesty proposal aims to bring underground miners into the regulatory system, alleviate enforcement pressure, and increase tax revenue.PANews reported on November 28th that, according to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on crypto regulations, proposed at the recent Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to legalize these underground miners who account for 60% of the country's total miners. Ogienko pointed out that although Russia legalized mining this year, the lack of amnesty provisions for illegally imported equipment hinders miners from registering with the Federal Tax Service. Currently, only about 150 mining farms and 1,300 mining entities nationwide have completed registration. Power shortages have occurred in power-rich regions such as Siberia due to the over-concentration of mining farms, and more than ten regions have issued mining bans this year. Russian law enforcement agencies and power companies are jointly conducting nationwide raids, using technical means to locate illegal mining farms. This amnesty proposal aims to bring underground miners into the regulatory system, alleviate enforcement pressure, and increase tax revenue.
Russian lawmakers propose amnesty for cryptocurrency miners.
PANews reported on November 28th that, according to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on crypto regulations, proposed at the recent Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to legalize these underground miners who account for 60% of the country's total miners. Ogienko pointed out that although Russia legalized mining this year, the lack of amnesty provisions for illegally imported equipment hinders miners from registering with the Federal Tax Service. Currently, only about 150 mining farms and 1,300 mining entities nationwide have completed registration. Power shortages have occurred in power-rich regions such as Siberia due to the over-concentration of mining farms, and more than ten regions have issued mining bans this year. Russian law enforcement agencies and power companies are jointly conducting nationwide raids, using technical means to locate illegal mining farms. This amnesty proposal aims to bring underground miners into the regulatory system, alleviate enforcement pressure, and increase tax revenue.
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