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By November 1, each crypto miners successful Russia indispensable registry their mining equipment, according to authorities quality bureau TASS. The study besides states that Rosfinmonitoring, the authorities fiscal watchdog, volition make a centralized database for this purpose. In different words, unregistered mining volition nary longer beryllium possible, ensuring that each cognition is officially recorded.
This initiative, led by Deputy Energy Minister Yevgeny Grabchak, is portion of a broader effort to modulate the sector, peculiarly successful regions wherever mining is already banned. In November 2024, authorities prohibited crypto mining successful six regions owed to powerfulness shortages, including immoderate occupied areas of Ukraine, adjacent successful regions extracurricular Russian control. The prohibition volition stay successful effect from December 2024 to March 2031.
Alongside the registry, Russia’s Federal Taxation Service (FNS) has introduced a web level to assistance miners study their earnings. Using a qualified physics signature, miners tin present state their integer currency income done their FNS accounts.
A caller taxation strategy that President Vladimir Putin signed into instrumentality astatine the extremity of 2024 came into unit this year. Miners with profits of up to 2.4 cardinal rubles ($23,976) wage a tax of 13% nether the caller rules, portion those earning much are taxed astatine 15%. Moreover, from the 20th of each consequent month, miners indispensable supply a study of their net for the erstwhile month.
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