Cryptocurrency

Future

The Russian Chamber of Commerce and Industry (CCI) is spearheading efforts to foster regulated growth within the cryptocurrency mining sector. A special <a href="https://news.tpprf.ru/ru/post-release/5058315/" rel="noopener noreferrer nofollow">meeting</a>, convened on September 18, focused on addressing crucial issues revolving around mining regulation. 
At the helm was Sergey Bezdelov, assisting in navigating the complex dialogues surrounding taxation and legislative framework. Dmitry Kurochkin, the CCI Vice President, stressed the urgency of aligning the crypto <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> with current legislation. He pinpointed the necessity of ensuring a resilient supply chain amidst mounting sanctions pressure. Furthermore, Kurochkin highlighted the imperative nature of fostering dialogue between the industry and authorities. 
The meeting served as a platform to discuss the taxation concept relating to cryptocurrency mining and circulation. Igor Runets spearheaded this discussion, presenting a well-received concept that sought to streamline tax calculations and controls. He proposed the potential realization of digital currency within <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>, suggesting an experimental legal regime as a feasible framework. 
Vladimir Gamza commended the depth of the concept presented, emphasizing the urgency to communicate the business stance to government entities. He accentuated the role of meticulous document preparation to convey business positions effectively to the authorities. 
On the operations front, Oleg Ogienko provided insights into collaborative efforts with the Federal Tax Service to tackle taxation matters pertaining to crypto mining. The panel, inclusive of industry stalwarts and experts, pledged to refine and submit their insights on the proposed taxation concept to the government. 
The conversation also encompassed the broader economic impacts of crypto mining, touching upon aspects such as the potential for investment attraction and regional socio-economic development. However, the panel voiced concerns over the illegal import of equipment, identifying it as a significant bottleneck to progress. 
In conclusion, the meeting underscored the significance of crypto mining as a promising economic sector. The participants emphasized the necessity to delineate clear rules to guide its growth and development, acknowledging its potential to be a formidable force in <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>'s economy. 
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Russian Chamber Crafts Blueprint for Regulated Cryptocurrency Future

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