Russian Deputy Minister of Energy Evgeny Grabchak proposed eliminating the legal vacuum around crypto mining in the country and introducing clear regulation. This statement continues the recent streak of support for the crypto industry among the officials. Speaking at the first national conference of
While the Russian government continues to work out a regulatory regime for digital assets, a federal ministry has made another proposal regarding the crypto mining industry.Russia’s Ministry of Economic Development has greenlighted the concept of crypto mining regulation in the country, proposing to
The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.The finance minister of India announced a 30% tax on crypto holdings
The ministries and the Duma, Russia’s lower house of representatives, want crypto miners to be recognized as entrepreneurs, Izvestia says. However, the Russian central bank does not support this initiative, citing the risks associated with crypto, according to the report from Monday.