📋 Tender Overview
The bill on regulating mining was planned to be considered in the first reading by deputies on July 23, but they did not have time. The issue was postponed until July 24, the first deputy chairman of the State Duma Committee on Energy Valery Seleznev told Izvestia. He expects that the lower house will adopt it in three readings during the remaining week and a half of the spring session, and the law will come into effect in September 2024.
The idea of ??legalizing mining and defining clear rules of the game is very relevant, emphasized the founder of Anderida Financial Group Alexey Tarapovsky. According to him, currently, due to the lack of a legislative framework, the budget is missing at least 50 billion rubles in revenue per year.
It is preferable to introduce a profit tax , that is, income minus expenses, believes the director of the Industrial Mining Association, Sergei Bezdelov. According to his estimates, taxation of cryptocurrency mining will bring the country about 50 billion rubles a year from 2026 (after investment projects begin to be put into operation). Bringing the industry into the legal field will have a positive effect on its development, Bezdelov believes.
The draft law proposes legalizing cryptocurrency mining and declaring income from this activity. On the eve of its consideration in the State Duma, the government commission supported the bill if it is revised for the second reading in accordance with the proposals of the Cabinet of Ministers. This was confirmed by a source of Izvestia close to the government.
The Cabinet of Ministers considers it necessary to remove the ban on advertising goods and services for the issuance of digital currencies. The government also proposed to exclude from the bill the ban on the circulation of digital currencies in the territory of the Russian Federation. In addition, the Cabinet of Ministers wants to allow the use of Russian infrastructure (i.e. domestic platforms for digital currencies) for the sale of such assets.
Deputy Valeriy Seleznev supported these changes. According to him, if they are introduced, the system will be able to work and this law will not hinder international settlements with digital currencies.
