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Auto-invest on a regular basis
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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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According to RBC, the Russian State Duma's Committee on Financial Markets proposed on January 14th to pass a bill in the first reading, aiming to transfer certain cryptocurrency mining regulatory functions currently handled by the Federal Tax Service (FNS) to the Ministry of Finance. The relevant authorities include regulation of mining pools and their organizers, miners, operators of mining infrastructure, as well as requirements for miners to report their mined cryptocurrencies (based on Federal Law 259-ФЗ "Digital Financial Assets Law"). Currently, Russia only allows legal entities and individual entrepreneurs registered in the tax authority's registry to engage in mining, while individuals can mine within a monthly electricity quota of 6000 kWh.