PANews, November 28 – According to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on cryptocurrency regulations, recently proposed at the Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to convert this group of underground practitioners, which accounts for 60% of the total miners nationwide, into legitimate operations. Ogienko pointed out that despite the legalization of Mining in Russia this year through legislation, the lack of amnesty provisions for the illegal import of equipment has hindered miners from registering with the Federal Tax Service. Currently, only about 150 Mining Farms and 1,300 mining entities nationwide have completed registration. In power-rich regions such as Siberia, there have been power supply tensions due to the excessive concentration of Mining Farms, and mining bans have been issued in over a dozen regions this year. Russian law enforcement and power companies are conducting nationwide raids, using technological means to locate illegal Mining Farms. This amnesty proposal aims to bring underground miners into the regulatory system, relieve enforcement pressure, and increase tax revenue.
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Russian lawmakers proposed an amnesty policy for cryptocurrency miners.
PANews, November 28 – According to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on cryptocurrency regulations, recently proposed at the Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to convert this group of underground practitioners, which accounts for 60% of the total miners nationwide, into legitimate operations. Ogienko pointed out that despite the legalization of Mining in Russia this year through legislation, the lack of amnesty provisions for the illegal import of equipment has hindered miners from registering with the Federal Tax Service. Currently, only about 150 Mining Farms and 1,300 mining entities nationwide have completed registration. In power-rich regions such as Siberia, there have been power supply tensions due to the excessive concentration of Mining Farms, and mining bans have been issued in over a dozen regions this year. Russian law enforcement and power companies are conducting nationwide raids, using technological means to locate illegal Mining Farms. This amnesty proposal aims to bring underground miners into the regulatory system, relieve enforcement pressure, and increase tax revenue.