Russia will create a registry for crypto mining equipment, which will become mandatory for all operations. Minister of Energy Evgeny Grabcak stated that this will help improve control over mining and eliminate illegal activities. The Federal Tax Service (FTS) has also introduced an online system for declaring mining income. Under the updated legislation, profits from mining and trading cryptocurrencies will be taxed at a rate of 15 percent, and transactions will not be subject to value-added tax.
2/5/2025 4:10:01 PM (GMT+1)
Russia is launching a mandatory registry for crypto mining equipment and introducing online income declaration, setting a 15 percent tax on profits from mining and trading 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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