The Russian Chamber of Commerce and Industry has sent a document to the Ministry of Finance with recommendations for resolving the “ambiguity” about cryptocurrency mining.
Russia’s largest news agency, one of the four largest news agencies in the world TASS‘of February 3 President of the Russian Chamber of Commerce and Industry Sergey KatyrinMinister of Finance Anton Siluanovto “Cryptocurrency mining”uncertain” sent a document with suggestions to remove it.
In the document, significant revisions to existing legislation. and especially cryptocurrency mining as a kind of business activity determine its legal status, enable its exclusion from the gray zone, and provide for relevant tax and other mandatory payments a series of the new regulation was deemed necessary. It was also stated that this could reduce tensions regarding the illegal use of electricity.
President Katyrin“The circulation and legal status of cryptocurrency produced by miners” as well as “the legal status of cryptocurrency as a means of payment” to further clarify suggested.
In the document, of the Russian ruble as national currency no doubt about the status emphasizing the need Katyrinwith this cryptocurrencies where it is a digital expression of value and not a means of payment, its use for goods and services is a barter transaction. He stated that it would be useful to examine the experiences of the countries in which they are accepted as
The Ministry of Finance, Central Bank of Russiain the country cryptocurrency trading and of mining opposed the report on the ban and was the Deputy Prime Minister of Russia. Dmitri Chernyshenkoapproved by, use of cryptocurrencies any yarrangement without interruption envisaged of the roadmap He played a role in the preparation of it together with other institutions in the country.
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