Russian lawmakers propose amnesty policy for cryptocurrency miners

According to Cryptopolitan, Oleg Ogienko, a member of the Russian State Duma's working group on cryptocurrency regulations, proposed at the recent Digital Almaz forum that an amnesty policy should be implemented for cryptocurrency miners using illegally imported equipment, in order to transition this group of underground practitioners, which accounts for 60% of the total miners in the country, into legal operations.

Ogienko pointed out that although Russia has legalized mining through legislation this year, the lack of amnesty provisions for illegally imported equipment has hindered miners from registering with the Federal Tax Service. Currently, only about 150 mining farms and 1,300 mining entities nationwide have completed registration. In regions with abundant electricity, such as Siberia, there has been a strain on power supply due to the excessive concentration of mining farms, leading to mining bans being issued in more than a dozen regions this year.

Russian law enforcement agencies and power companies are conducting nationwide raids, using technological means to locate illegal mining operations. This amnesty proposal aims to bring underground miners into the regulatory framework, alleviate enforcement pressure, and increase tax revenue.