{"id":424615,"date":"2022-03-31T22:30:00","date_gmt":"2022-03-31T19:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-mining-finds-fresh-support-from-russian-finance-ministry\/"},"modified":"2022-03-31T22:30:00","modified_gmt":"2022-03-31T19:30:00","slug":"bitcoin-mining-finds-fresh-support-from-russian-finance-ministry","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-finds-fresh-support-from-russian-finance-ministry\/","title":{"rendered":"#Bitcoin mining finds fresh support from Russian Finance Ministry"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bf6b29b08a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bf6b29b08a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-finds-fresh-support-from-russian-finance-ministry\/#%E2%80%9CBitcoin_mining_finds_fresh_support_from_Russian_Finance_Ministry%E2%80%9D\" >&#8220;Bitcoin mining finds fresh support from Russian Finance Ministry&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBitcoin_mining_finds_fresh_support_from_Russian_Finance_Ministry%E2%80%9D\"><\/span>&#8220;Bitcoin mining finds fresh support from Russian Finance Ministry&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNTZlYjVmYjctNWEwZC00OTUwLWFkNzQtYjFiZjVhNDc4NjgyLmpwZw==.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto. \n                &lt;p&gt;As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining.\n<\/code><\/pre>\n<p>Russia should encourage the development of industrial-level cryptocurrency mining in the country, the Ministry\u2019s director of the financial policy department Alexey Yakovlev urged.<\/p>\n<p>There\u2019s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Prime <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/1prime.ru\/cripta\/20220331\/836554002.html\" data-amp=\"https:\/\/1prime-ru.cdn.ampproject.org\/c\/s\/1prime.ru\/amp\/cripta\/20220331\/836554002.html\">reported<\/a> on Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the \u201cMining regulation in Russia: For and against.\u201d<\/p>\n<p>According to Yakovlev, Russian officials reached a consensus on the regulatory framework for crypto mining companies long ago, supporting their work and requiring them to pay taxes.<\/p>\n<p>But there\u2019s still some disagreement regarding retail miners, Yakovlev said. He added that the Finance Ministry is not inclined to prohibit such mining, stating:<\/p>\n<blockquote><p>\u201cWe believe it\u2019s necessary to focus on the development of industrial mining, but it probably does not make sense to ban household mining.\u201d<\/p><\/blockquote>\n<p>Yakovlev went on to say that lawmakers continue working on the Russian crypto regulation bill, planning to maximize the economic efficiency and minimize potential risks like money laundering and terrorism financing as well as ensure the energy safety.<\/p>\n<p>As previously reported, some major crypto mining-related companies in Russia would have no problem with running their operations in case the government starts a crackdown on crypto. BitRiver, the largest cryptocurrency mining colocation services provider in Russia, is unlikely to be affected by such actions, according to the firm\u2019s CEO.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Russian government official calls to legalize mining \u2018as soon as possible\u2019<\/em><\/strong><\/p>\n<p>Russia\u2019s Finance Ministry officially filed the first paperwork related to the country\u2019s new crypto regulation bill in mid-February. The Ministry previously released a concept for regulating the crypto market, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/government.ru\/news\/44519\/\">outlining<\/a> the importance of the crypto mining industry in the country as Russia is ranked the third largest country by BTC mining hash rate as of August 2021.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-finds-fresh-support-from-russian-finance-ministry\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bitcoin mining finds fresh support from Russian Finance Ministry&#8221; While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto. &lt;p&gt;As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining. Russia&#8230;<\/p>\n","protected":false},"author":1,"featured_media":424616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82MjU5ZDA4MmU4M2QyMDQ5MWY0MzA3NWMzOGQ5NzBlYS5wbmc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-424615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/424615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=424615"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/424615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/424616"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=424615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=424615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=424615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}