Legislation regulating crypto mining submitted to the Russian parliament.
The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget.Russian lawmakers have again filed legislation with the State Duma designed to regulate cryptocurrency mining. The new draft substitutes a billThe revised version is missing some provisions that would have reduced the tax burden on miners at the expense of the federal budget, the deputies noted.
The legislation was also going to relieve them of the obligation to pay value-added tax on transactions related to the mining of digital currencies made before the law entered into force. These benefits are now gone but the rest of the draft is similar to the original bill, crypto news outlets Forklog and RBC Crypto reported.
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