Legislators in the lower house of Russia's parliament additionally born the notion of a special register for mining operators.
In less than a month, the draft of a crypto mining bill in the Russian parliament has lost many key points, like the obligation for mining operators to affix a special register and a annual tax amnesty for all those who've registered. as the reasoning goes, the previous draft would cause federal budget losses.
The fresh draft of the law “On mining in Russia,” dating to last Frida, appeared within the info of the lower chamber of the Russian parliament, the State Duma. The document bears several vital changes from the past version, given by co-sponsors on April 29.
While the text remains unchanged in general, the new draft lacks the sub-section a few registry of mining operators, that companies would got to be part of to continue their work. within the latest version, to begin mining, crypto mining firms ought to register as sole proprietors or self-employed. the companies would follow a standard procedure for company registration.
( David Attlee, Cointelegraph, 2022 )