Russian Chamber of Commerce urges government to acknowledge Bitcoin mining as business
The head of the Russian Chamber of Commerce and Industry, Sergey Katyrin, proposed that Bitcoin mining should be moved out of the ‘gray zone.’ In a letter sent to the Minister of Finance, Katyrin asked that mining be equivalent to business. According to Katyrin, there is a need for a review of current legislations.
Recently, Russia’s president, Vladimir Putin, had backed a proposal from Russia’s government to tax and control the mining of cryptocurrencies and rejected the central bank’s plan to ban it.
Recently, Russia’s president, Vladimir Putin, had backed a proposal from Russia’s government to tax and control the mining of cryptocurrencies and rejected the central bank’s plan to ban it.
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