{"id":512111,"date":"2022-11-18T20:45:00","date_gmt":"2022-11-18T17:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-bill-would-legalize-crypto-mining-sales-under-experimental-legal-regime\/"},"modified":"2022-11-18T20:45:00","modified_gmt":"2022-11-18T17:45:00","slug":"russian-bill-would-legalize-crypto-mining-sales-under-experimental-legal-regime","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-bill-would-legalize-crypto-mining-sales-under-experimental-legal-regime\/","title":{"rendered":"# Russian bill would legalize crypto mining, sales under \u2018experimental legal regime\u2019"},"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-6a40b126a6732\" 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-6a40b126a6732\" 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\/russian-bill-would-legalize-crypto-mining-sales-under-experimental-legal-regime\/#%E2%80%9D_Russian_bill_would_legalize_crypto_mining_sales_under_%E2%80%98experimental_legal_regime_%E2%80%9C\" >&#8221; Russian bill would legalize crypto mining, sales under \u2018experimental legal regime\u2019 &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Russian_bill_would_legalize_crypto_mining_sales_under_%E2%80%98experimental_legal_regime_%E2%80%9C\"><\/span>&#8221; Russian bill would legalize crypto mining, sales under \u2018experimental legal regime\u2019 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvOTg5YmVkYmUtNDA2NS00ZjFmLTk5MmEtNGJiNjg4ODBjOGJhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>A bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 that would legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency cannot currently be used for settlements in Russia.\u00a0<\/p>\n<p>The proposed law <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/static.consultant.ru\/obj\/file\/doc\/pr_fz_181122_585.pdf\">reads<\/a>, \u201cDigital currency obtained as a result of mining can be disposed of by the person who carried out the mining of this digital currency on the condition that Russian information infrastructure is not used in conducting transactions with it, with the exception of cases of transactions carried out in accordance with the established experimental legal regime,&#8221; as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/interfax.com\/newsroom\/top-stories\/85091\/\">quoted<\/a> by Interfax.<\/p>\n<p>Chairman of the Duma Financial Markets Committee Anatoly Aksakov <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pnp.ru\/economics\/aksakov-anonsiroval-vnesenie-v-gosdumu-zakonoproekta-o-mayninge-v-blizhayshee-vremya.html\">told<\/a> the local press that he expected the bill to pass all three parliamentary readings in December to come into force on Feb. 1. Other sources said the bill would become law on Jan. 1. Aksakov said:<\/p>\n<blockquote><p>\u201cPassage of the law will bring this activity into the legal field, and make it possible to form a law enforcement practice on issues related to the issuance and circulation of digital currencies.\u201d <\/p><\/blockquote>\n<p>The experimental sales regime is made possible by the law on digital innovation passed in 2020. The bill provides definitions of cryptocurrency mining and mining pools. It also bans the advertising of cryptocurrency in Russia.<\/p>\n<p>A Russian platform for cryptocurrency sales will be set up if the law is passed, and Russian miners will be able to use foreign platforms. In the latter case, Russian currency controls and regulations would not <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to the transactions, but they would have to be reported to the Russian tax service. There is currently no legislation on the taxation of mining activities, although crypto mining is widespread in Russia. <\/p>\n<p><strong><em>Related: What the Russia-Ukraine war has revealed about crypto<\/em><\/strong><\/p>\n<p>A report issued by the Central Bank of Russia on Nov. 7 indicated that the country was preparing for the introduction of digital assets onto its markets. The Moscow Exchange drafted a bill on behalf of the Central Bank to allow trading in digital financial assets in September. Izvestia <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>paper <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/iz.ru\/1427095\/mariia-kolobova\/peremennyi-token-rossiiane-smogut-kupit-tcifrovye-aktivy-cherez-brokerov\" data-amp=\"https:\/\/iz-ru.cdn.ampproject.org\/c\/s\/iz.ru\/export\/google\/amp\/1427095\">reported<\/a> Nov. 18 that major Russian brokerages and the exchange were preparing for the entry of retail investors onto the market. <\/p>\n<p>A Russian policy on the use of crypto in cross-border payments was formulated in September. In addition to national legislation, Russian crypto miners and other users also have to navigate international sanctions. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\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>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News 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\/russian-bill-would-legalize-crypto-mining-sales-under-experimental-legal-regime\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Russian bill would legalize crypto mining, sales under \u2018experimental legal regime\u2019 &#8220; A bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 that would legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency cannot currently be used for settlements in Russia.\u00a0 The proposed law reads,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":512112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvOTg5YmVkYmUtNDA2NS00ZjFmLTk5MmEtNGJiNjg4ODBjOGJhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,79786,75042,70934,4975],"class_list":["post-512111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-digital-asset","tag-mining","tag-regulation","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512111","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=512111"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/512112"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=512111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=512111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=512111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}