The Russian Ministry of Finance has proposed allowing crypto miners to export their crypto akin to other commodities, local media outlet RBC reported.
During a round table discussion titled “Cryptocurrency and the Future of Digital Finance,” Ivan Chebeskov, the Deputy Finance Minister, unveiled this proposal. He highlighted the intention to create legislation mirroring the export norms of natural gas for cryptocurrency exports.
Chebeskov stated that the ministry had devised a concept and a project to enable miners to export their mined product—cryptocurrency—as an export commodity. A translated version of his statement reads:
“We developed a concept, a project so that a miner could export the product of what he mined, that is, cryptocurrency as an export product. Such a legislative initiative is also being formed in our country.”
Crypto mining in Russia
Russia produces the second-largest mining power in the world, indicating its strength in the sector. However, despite such
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