The Russian State Duma's Financial Markets Committee has proposed a bill to transfer certain cryptocurrency mining regulatory functions from the Federal Tax Service to the Ministry of Finance. The proposed changes, discussed on January 14, include oversight of mining pools, organizers, miners, and mining infrastructure operators, as well as requirements for miners to declare their crypto assets, in accordance with the Digital Financial Assets Law (259-ФЗ). Currently, only legal entities and individual entrepreneurs registered with the tax authority are permitted to engage in mining, with individuals allowed to mine within a monthly electricity limit of 6,000 kWh.
Russian Duma Proposes Shifting Crypto Mining Oversight to Finance Ministry
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