Anatoly Aksakov proposed to make mining an entrepreneurial activity

Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, believes that it is necessary to more clearly define digital currencies and add mining to the register of entrepreneurial activities.

During the Moscow Financial Forum, Aksakov said that in the near future there will be noticeable changes in Russia regarding the taxation of cryptocurrencies and mining. So, the emission of cryptocurrencies clearly fits the definition of entrepreneurial activity:

“Since this is a type of entrepreneurial activity, obviously, it is necessary to enter it into the register, assign a code to it corresponding to the type of entrepreneurial activity and introduce taxation.”

The chairman of the relevant committee also said that there is no common terminology regarding digital assets in the current regulations. Therefore, it is necessary to clarify and define the concepts of state digital currencies, cryptocurrencies and other digital assets.

“There is a digital currency of the Central Bank and there is a digital currency, which, in fact, is probably understood as a cryptocurrency, and it is necessary to clearly define the delimitation of these concepts so that there is no confusion,” Anatoly Aksakov said.

He said that the best solution for defining and clarifying concepts was the conduct of discussions. They will also help to more clearly define the regulation of digital assets in Russia. According to Aksakov, cryptocurrencies are more a means of investment than a means of payment.

Another area of ​​the Committee’s work is the definition and consolidation of the rights and obligations of the Central Bank of the Russian Federation in relation to the digital ruble, its issue and regulation.

Recall that the Bank of Russia plans to test the digital ruble within the next year.