Miners will bring 7 billion to the country's budget per year

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Despite the lack of legislative regulation, digital currency mining is actively developing in Russia. State Duma deputies, experts from the Ministry of Finance of the Russian Federation and the Bank of Russia believed that the time had come to bring the real situation into line with the provisions of the law of July 31, 2020 No. 259-FZ "On digital financial assets, digital currency ..." and regulate all issues related to the issue and circulation of digital currencies. It is for this purpose that a group of 16 State Duma deputies, including Anton Gorelkin and Andrei Lugovoy, prepared and submitted bill No. 237585-8 to the lower house of the Russian parliament on November 17.

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State Duma deputies have cayman islands phone number list submitted a bill for consideration regulating the procedure for mining digital currencies and their subsequent sale. If the amendments are adopted, miners will be able to sell the mined digital currency from January 1, 2023. Analysts note that with a high Bitcoin rate, the state can expect to replenish the budget by 7 billion rubles per year.

The initiators of the bill and the relevant Committee on the Financial Market expect that with its adoption, law enforcement practice will begin to form, which will determine further comprehensive regulation of the issuance and circulation of digital currencies. But already now, most of them agree that the main vectors will be the development of blockchain technologies and the protection of the rights of citizens who use them.

Deputy Chairman of the Committee on Information Policy, Information Technology and Communications, one of the co-authors of the bill Anton Gorelkin emphasized that the bill will allow the state to receive tax revenues, and market participants - legal guarantees. "In addition, the possibility of transactions with digital currency within the framework of the experimental legal regime (ELR) is prescribed, which can become an impetus for the development of the Russian cryptocurrency infrastructure," the parliamentarian is confident.

Bill No. 237585-8provides that the requirements for the activities of individuals and legal entities engaged in digital currency mining will be established by the Russian government in agreement with the Bank of Russia, and their observance will be monitored by the federal executive body authorized by the government. According to Anton Gorelkin, the document will be discussed at the United Russia party discussion platform in the near future, since it is necessary to take into account all the wishes for the package of amendments for consideration in the second reading.