{"id":10203,"date":"2024-01-29T11:36:47","date_gmt":"2024-01-29T09:36:47","guid":{"rendered":"https:\/\/forklog.com\/en\/russia-evaluates-potential-tax-revenue-from-bitcoin-mining\/"},"modified":"2024-01-29T11:36:47","modified_gmt":"2024-01-29T09:36:47","slug":"russia-evaluates-potential-tax-revenue-from-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russia-evaluates-potential-tax-revenue-from-bitcoin-mining\/","title":{"rendered":"Russia Evaluates Potential Tax Revenue from Bitcoin Mining"},"content":{"rendered":"<p>The tax potential of mining in Russia, with the introduction of balanced regulation, is estimated at 50 billion rubles annually after 2025. This was reported by <a href=\"https:\/\/tass.ru\/ekonomika\/19798113\">TASS<\/a>, citing a statement from Sergey Bezdolov, Director of the Industrial Mining Association.<\/p>\n<p>According to his data, Russian miners consume about 2.5 GW of electrical power. Of this, 1.7 GW is attributed to industrial cryptocurrency mining, accounting for over 13% of the total power consumption.<\/p>\n<p>Bezdolov also noted that currently, the industrial mining sector is not legislatively regulated and is not included in the <span data-descr=\"All-Russian Classifier of Economic Activities\" class=\"old_tooltip\">OKVED<\/span>.<\/p>\n<p>A bill regulating the industry has been registered in the Russian State Duma since mid-November 2022. It requires individuals and legal entities to report mined cryptocurrencies to the tax authorities, specifying the address of crediting. Its adoption is expected in 2024.<\/p>\n<p>Earlier, economists from the <span data-descr=\"Higher School of Economics\" class=\"old_tooltip\">HSE<\/span> proposed forcibly disconnecting miners from electricity for 500 hours a year in energy-deficient regions. The Ministry of Energy was skeptical of the idea, adding that mining could potentially be banned altogether.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tax potential of mining in Russia, with the introduction of balanced regulation, is estimated at 50 billion rubles annually after 2025. This was reported by TASS, citing a statement from Sergey Bezdolov, Director of the Industrial Mining Association. According to his data, Russian miners consume about 2.5 GW of electrical power. Of this, 1.7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1138,27,558],"class_list":["post-10203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-opinions","tag-russia","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10203"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10202"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}