According to the law, the Cabinet of Ministers received the right to prohibit the activities of companies engaged in cryptocurrency mining in any region at its discretion, including all without exception. Not only mining itself is prohibited, but also participation in mining pools using equipment.
The government will be able to “regulate the activities” of operators providing energy infrastructure for mining. Organizations that are not included in the Federal Tax Service register will be prohibited from using the services of these operating companies.
Individual entrepreneurs and legal entities will be able to mine cryptocurrencies only after being included in the register. Private individuals are allowed to mine digital assets without being included in the Federal Tax Service register, if they comply with the electricity consumption limit that the government plans to set later.
All miners will be required to transfer to the tax service data on income received in the form of cryptocurrency and information about “identifier addresses” used to carry out transactions with virtual coins.
The Federal Tax Service will be obliged to transmit information about miners to the Bank of Russia and Rosfinmonitoring. Any executive authorities, the prosecutor’s office, “inquiry and preliminary investigation bodies” will have access to identifier addresses.
The Federal Tax Service will be obliged to exclude from the register miners who repeatedly violated the requirements for the activities of digital asset miners during the year – for example, they did not file reports.
Earlier, Putin said at a plenary meeting of the Eastern Economic Forum that Russia is one of the world leaders in cryptocurrency mining.
Source: Bits
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