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Author Topic: Bank of Russia Allows Crypto Mining.  (Read 325 times)
Lanaya_1
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February 08, 2018, 07:09:28 AM
 #41

The Bank of Russia said it will allow cryptocurrency mining in the country, given tax, control, and reporting considerations. However, the central bank also proposes for crypto miners to sell their coins overseas, which will still oblige them to pay taxes.
Can you include news sources or news links you read? I have not gotten the facts over this rumor or maybe I am too blind about the latest news Undecided

The news is quite old and here is the original act copy in Russian
http://kremlin.ru/acts/assignments/orders/55899

Here's a proper news link from reuters,
https://www.reuters.com/article/us-russia-cryptocurrencies-bill/russia-ready-to-regulate-not-ban-cryptocurrencies-idUSKBN1FE0Y0

A recent interview (Feb 2 2018) of Russian Finance Minister about blockchain technology.
https://www.rt.com/shows/sophieco/417668-russia-blockcgain-finance-minister/


Well, they didn't did anything specific. For now it's just words.
drogas
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February 08, 2018, 07:10:35 AM
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This is Russia we're talking about. I doubt if everything will go well, let alone without corruption. Grin
DiabolicAnt
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February 08, 2018, 07:12:02 AM
 #43

The Bank of Russia said it will allow cryptocurrency mining in the country, given tax, control, and reporting considerations. However, the central bank also proposes for crypto miners to sell their coins overseas, which will still oblige them to pay taxes.

For me it doesn't seem good at all because it will be probably hard to pass those regulations etc. Currently there were no regulations and everyone was mining as they wish(nearly); from on now situation may become really difficult for ordinary people.

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