The Russian government says 150 companies have applied for cryptocurrency mining licenses
According to Cryptonews, the Russian national tax agency has confirmed that Russian companies are applying for cryptocurrency mining licenses, with 150 applications already submitted. The head of the Federal Tax Service, Daniel Egorov, stated that these applications were all submitted after November 1st. Registrants must provide the Federal Tax Service with their mined crypto assets, crypto wallet addresses and other data.
Private miners who use less than 6,000 kilowatt-hours (kWh) of electricity per month can be exempted from registration.
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