Cryptocurrency mining farms may not be banned on the territory of the Russian Federation if they operate under strict state control. This opinion was expressed by Vladimir Gutenev, Chairman of the State Duma Committee on Industry and Trade, Prime writes.
“Mining farms cannot be powered in a non-transparent way, they must pay all taxes and use competitive advantages either in energy-abundant regions or in regions where climatic conditions allow them to increase their efficiency due to low temperatures and cooling,” he said.
Pavel Zavalny, head of the State Duma Committee on Energy, believes that proposals to ban the mining of cryptocurrencies or create conditions under which miners would not use cheap electricity should be “unambiguously accepted,” TASS writes.
He called it wrong for miners to receive electricity at prices intended for the population:
“This is wrong, because prices for the population are subsidized by industrial consumers. And it turns out that by subsidizing the population, we subsidize the miners, and the cheaper the cost of electricity, the higher the production volume.”
Zavalny called for industrial tariffs for miners.
He also added that the spread of cryptocurrency mining negatively affects the climate.
Earlier, the Central Bank of the Russian Federation published a report in which it called for a ban on mining.
Among the reasons for such an initiative, the regulator named a large load on the power grid, harm to the environment and the formation of “demand for infrastructure for conducting operations with cryptocurrencies.”
In addition to the proposal of the Bank of Russia to ban the mining of cryptocurrencies, Russia also proposed to legislate mining as a type of business activity and establish special tariffs.
At the moment, mining in Russia is not prohibited and its clear regulation is not spelled out.
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