The Russian Duma has formed a working group to address cryptocurrency mining regulations.

  • The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry.
  • The deputy said that the matter of Bitcoin mining regulation has become unavoidable, claiming that crypto miners earn $2 billion per year on which they pay no taxes and are thus mining at the expense of the country’s population.
  • As noted by local business publication RBC in September, Anatoly Aksakov – chairman of the Russian State Duma Committee on Financial Markets – recommended that the Duma regulate crypto mining under the laws governing entrepreneurial activities.

Sign Up for NextBigWhat Newsletter