Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners

Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners

In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax amnesty for all those who’ve registered. As the reasoning goes, the previous draft would lead to federal budget losses.

The fresh draft of the law “On mining in Russian Federation,” dating to May 20, appeared in the database of the lower chamber of the Russian parliament, the State Duma. The document bears several significant changes from the past version, presented by co-sponsors on April 29.