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.