Russia conducts crypton blasting and miners must report earnings

Russia now requires krypton miners to report salaries by 20. The next month, tightening the supervision and limitation of mining authorized subjects of prohibiting financial crime violations.

Russia requires that Crypto miners report on earnings – new law of the transformer industry

Russian Federal Tax Service (FNS) revealed 3. February that taxpayers involved in digital currency mining now have the opportunity to declare their wages for crypturing through their personal accounts. This development corresponds to the Federal Law no. 259-FZ, which describes the legal framework for mining and taxation of cryptoturcy in the country. According to the statement he translated Google, the FNS are listed:

Taxpayers dealing with digital currency mining must be reported to an authorized authority in the mined currency at the latest in 20. Days of the month after the month in which the digital currency was received.

Authorities emphasized that this newly introduced function enables individuals and companies to submit reports with greater efficiency, ensuring compliance with the determined regulations.

Taxpayers can use this feature by signing their personal accounts with a qualified electronic signature. These accounts, integrated into the FNS’s FNS’s Digital Services, function as network platforms in which both individual and corporate taxpayers can manage issues related to taxes, the file required declaration and meet tax liabilities.

Furthermore, the FNS clarified:

At the same time, individual entrepreneurs and legal entities will be able to send information on the mined currency to the tax body if included in the miner and operator register.

Supervision over the registry of the mining digital currency is in accordance with the procedures set out in Decree no. 1464, issued by the Russian Government on 31. October 2024. Years. This register includes individuals officially registered as the only owners and legal entities in the Russian legal framework, including participants in mining pools. However, certain groups are prohibited to deal with digital currency mining. They include individuals with uncompensed convictions for financial crimes or large offenses, those listed in the regulations against washing and counter terrorist regulations, and entities that have not met business integrity standards set by the Federal Law no. 259-FZ. By execution of these restrictions, the authorities seek to combat illegal financial activities in the Kriptorurcy sector, while ensuring that only birth participants can legally on your digital currency.