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Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining
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The Russian Ministry of Economic Development has expressed a willingness to legalize Bitcoin (BTC) and crypto mining, and has the backing of the Ministry of Energy – but as so often is the case with Russian politics and all things crypto-related, the Central Bank wants to throw a spanner into the works.
According to Izvestia, a Ministry of Economic Development spokesperson stated:
“The recognition of mining as entrepreneurship will allow [the government to] tax income from such activities and thus increase state budget revenues.”
The spokesperson added that ministry officials are already “discussing the initiative with the business community and entrepreneurs,” who are planning to present the government with proposals for mining projects “in
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