Russia Eyes Increase in Crypto Mining Tax with New Legislation

According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure … source: https://coinpedia.org/crypto-live-news/russia-eyes-increase-in-crypto-mining-tax-with-new-legislation/