Russian nationalists prepare law to regulate cryptocurrency before mining-mining Bitcoin messages
Russian nationalists prepare law to regulate cryptocurrency before mining-mining Bitcoin messages
The legislator of the Liberal Democratic Party of Russia is preparing for the submission of a draft law to regulate crypto mining. The nationalists say that legislation benefits both Russian citizens and the state, as well as those who want to get into the business legally.
nationalists suggest regulations for Russian crypto miners
The popularity of cryptocurrencies that increases with its market value has attracted the attention of the nationalist faction in the state duma, the lower house of the Russian parliament. "Unsecured" Bitcoin is now at 68,000 USD Pro. Coin, one of his members, Andrey Lugovoy, noticed this week in comments to local media and added:
If someone had invested 1 million rubles three years ago, he would now have 5 billion.
The MP announced that his Liberal Democratic Party of Russia ( LDPR ) becomes a law for regulating the crypto bodies submit. Digital Coin The coinage has also expanded in the huge and high -energy country in which it still develops because there are no comprehensive state regulations for the sector.
The profitability of mining has tempted many companies and normal Russians to join the industry. Lugovoy believes that it is time to regulate crypto mining by adopting new laws. Cited by the Regnum news agency, the legislator said:
We cannot rush to the left and right. We should either ban it strictly and adapt the law enforcement system [Accordingly], although I don't really understand how it could be done, as this is a virtual reality, as they say. Or let it allow us.
The nationalist insists that the latter solution offers protection to Russian citizens, simplifies taxation, guarantees transparency and enables the state to exercise control over the sector and at the same time increase household revenue. At the same time, entrepreneurs are given the opportunity to legally do business, explained the parliamentarian.
Andrey Lugovoy also noticed that the implementation of regulatory standards is particularly relevant for regions with plenty of energy resources such as the IRKUTSK oblast with low electricity prices. The legislature emphasized that the cheap energy available there and in other parts of the country attract many cryptocurrency miners.
cryptocurrencies are only partially regulated in the Russian Federation with the "on digital financial assets" that came into force in January. While it introduces rules for related activities such as the "edition of digital currencies", the mining of cryptocurrencies is not explicitly mentioned.
The idea of recognizing the mining as an entrepreneurial activity was in government circles and civil servants Moscow say the step would enable the authorities to appreciate the winnings of the miners appropriately. In September this approach was supported Duma, Anatoly Aksakov, announced that the mining in the autumn session will probably be affected by a number of upcoming changes in the law.
Do you believe that the State Duma will accept the crypto mining law proposed by the Russian nationalists? Tell us in the comment area below.
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