Russia’s Chamber of Commerce asks crypto mining to be recognized as a business

Russia’s Chamber of Commerce has recommended to the government that it should legalize crypto mining and recognize it as a business. Russian media outlets reported that the Head of the Russian Chamber of Commerce and Industry Sergey Katyrin sent a letter to Finance Minister Anton Siluanov, asking it to be taken out of a ‘gray zone.

Katyrin said it was necessary to change current views on crypto, bringing out of that gray zone, enforcing taxation, and other compulsory payments. This will also make it possible to “defuse tension on matters of illegal electricity use,” the letter reveals.

The head of the organization also said that lawmakers must think about,

“the legal status of cryptocurrency produced by miners and its further circulation” and “the legal status of cryptocurrency as a payment instrument.”

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