Illegal crypto miners in Russia threatened with prison terms-mining Bitcoin messages
Illegal crypto miners in Russia threatened with prison terms-mining Bitcoin messages
cryptocurrency miner who illegally connect their equipment should be made to prison, says a Russian legislator who has recently announced that his nationalist party is working on a draft law to regulate crypto activities. The industry could not rely on government support, added another high -ranking MP.
unauthorized use of electricity could bring miners behind bars
The problem of regulating cryptocurrency mining is emerging in Russia and the legislature has actively discussed the topic. Andrey Lugovoy, member of the lower house of parliament, the state duma, has threatened miners with prison if they connect their hardware to the power grid without official approval.
If the mining is to become legal, miners should contact the respective supply company before switching on their devices, said the MP. And if the access is denied, but still connect to the distribution network, they violate both the administrative and the criminal code of the Russian Federation, he said.
lugovoy in November that the Liberal Democratic Party of Russia, the nationalist fraction He hears, preparing the presentation of a draft law to regulate crypto mining. The adoption of the law will benefit Russian citizens, the state itself and entrepreneurs who want to get into the business legally.
In conversation with the Russian online news portal Lenta.ru, he now added that regulation of mining was useful. In addition to the introduction of differentiated electricity tariffs for mining companies, the MP is of the opinion that their profits should be taxed after deduction of costs for the energy used and other costs such as labor costs. Lugovoy accused miners of consuming cheap, subsidized electricity without paying taxes. Bitcoin miner should not expect support from the government because its activity has “no social meaning”. This emerges from a statement by the chairman of the Parliamentary Financial Market Committee, Anatoly Aksakov, who has also commented on it. The high-ranking legislator is a supporters To regulate taxation as such. Aksakov announced that the Duma hosts the first meeting of the A Cryptocurrency regulation in December. It begins with a review of a special report by the Russian Central Bank ( cbr>) and its members will concentrate on the expansion of the legal framework for cryptocurrencies. The Russian law "On Digital Financial Assets" only regulated a few crypto -related activities and mining at the beginning of the year. In the middle of a persistent accommodation against Bitcoin mining in China, the energy-rich Russia has become an important goal for mining companies, since according to a recently published report, it received the majority of the Chinese mining machines during the miner exodus this year test report . Members of the crypto industry believe that moderate regulations could help the country to become a leader in this sector. Authorities in regions such as z irkutsk The country's lowest electricity prices complains that the excessive consumption by illegal miners leads to electricity bottlenecks. Do you believe that Russia will regulate the mining of cryptocurrencies in the near future? Share your expectations in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons cryptocurrency mining for "no meaning"
