Cryptocurrency mining should be fully legalized in Russia Deputy Prime Minister Alexander Novak:

Cryptocurrency mining should be fully legalized in Russia Deputy Prime Minister Alexander Novak:

The Deputy Prime Minister of the Russian Federation Alexander Novak is sure that cryptocurrency mining should be legalized and fixed at the legislative level. He said this at a meeting with the LDPR faction, TASS reported.

“My personal opinion is that in principle it is necessary to legalize, to enter into the system of tax relations. We have free capacity. It is important that it be enshrined at the legislative level”, Novak stressed.

In February the Minister of Finance of Russia Anton Siluanov stated about the need to make mining legal. According to him, mining should be assigned an appropriate code of economic activity and be taxed.

At the same time, in March, the Bank of Russia reported that it continues to insist on the ban on the circulation of cryptocurrencies and mining. The tightening of anti-Russian sanctions did not affect the position of the Central Bank.

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Written by Renat
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