Daniil Egorov, head of the Federal Tax Service, stated that the process is just beginning, and more applications are expected. Miners using under 6,000 kWh of energy monthly are exempt from registration, but others must disclose mining assets and wallet information.<\/p>\n
While some speculate that Russia may be following China\u2019s lead in restricting crypto, experts believe the government\u2019s goal is to tax the growing digital asset sector. Other countries, like India and Denmark, have also introduced high taxes on crypto.<\/p>\n
Russia\u2019s push to regulate mining comes amidst concerns over its energy consumption and may signal a broader shift toward crypto acceptance, similar to El Salvador\u2019s legalization of Bitcoin.<\/p>\n