State Duma proposes legalization of mining

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Artem Kiryanov, Deputy Chairman of the State Duma Committee on Economic Policy, proposed the legalization of mining in Russia. This has been reported “Lenta.ru”.

As the MP pointed out, any fact that actually exists needs to be defined in terms of law, state regulation and that regulatory procedure. According to him, this also applies to mining.

He said that as Russia currently has “there is no legal framework, but there is a process”, the country’s budget is “at least a few tens of billions of dollars a year missing”.

“This is what you can get from the industry in the form of tax revenues,” the parliamentarian continued.

He pointed out that there is no reliable analytics about what is happening in the industry today.

The politician also said that the concept of mining, the procedures that companies must go through and the regulation that will launder the industry and provide a stable and quite significant income to the budget of the Russian Federation should be consolidated.

He recalled that the State Duma has been discussing this issue for a long time. Kiryanov added that the majority of deputies think that such decisions should be taken.

Prior to that, Izvestia was the first to support cryptocurrency mining in Russia. suggested assign an industrial OKVED.

Early purchase of Bitcoins compared joining a cult.

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