The Ministry of Economic Development is already working on the issue
The Ministry of Finance of the Russian Federation supports the idea of officially recognizing mining and assigning it a type of economic activity.
As reported by Izvestia with reference to the Deputy Director of the Department of Financial Policy of the Ministry Osman Kabaloev, the Ministry of Finance of the Russian Federation advocates assigning the code of the All-Russian Classifier of Types of Economic Activities (OKVED) to cryptocurrency mining.
«As far as we know, colleagues from the Ministry of Economic Development are already working on this issue,” said Kabaloev, noting that the assignment of the OKVED code will affect licensing, insurance premium rates and benefits from the state.
The Ministry of Industry and Trade stated that the status of mining must be determined legislatively, as well as establish rules for the issuance, accounting and circulation of cryptocurrencies, and the protection of the rights of investors.
Previously, they have repeatedly said that Russia could legalize mining and introduce taxation for miners.