News list for "Russia plans to"
According to Cryptopolitan, Russian prosecutors are seeking to seize the property of former Interior Ministry official Georgy Satyukov worth more than 2.10 billion rubles (about 3 billion dollars). Satyukov is accused of accepting bribes from Alexey Ivanov, the administrator of the WEX cryptocurrency exchange, for 2,119.5 bitcoins and 10,016 ethereum. Satyukov led the "K" unit dedicated to investigating financial fraud and cybercrime from 2019-2021, with luxury assets including 13 apartments, co...
The Russian Ministry of Finance is actively considering significantly simplifying the entry requirements for digital asset investors. The proposed simplification measures are expected to expand the range of participants in Russia's experimental legal system for cryptocurrency exchanges (ELR), lower the strict "super qualified" investor threshold (which requires a large amount of assets or income, such as investments of 100 million rubles or annual income of 50 million rubles), and more Russian c...
According to Cryptonews, the Russian government is about to ban domestic data processing centers from using subsidized electricity for cryptocurrency mining. The government has revised the draft mining bill that passed its first reading in the State Duma in 2022 and is working with lawmakers to refine the bill for the second reading. The bill proposes to establish a data center registry system by the Ministry of Digital Development and Communications. Operators need to commit not to conduct cryp...
The Russian Ministry of Finance plans to impose value-added tax (VAT) on companies that rent mining equipment or data centers to overseas companies and mining pools, and the new rules will also apply to energy companies that provide electricity to foreign mining companies. The Ministry of Finance said the move is aimed at clarifying the taxation process for mining equipment leases and establishing tax rules for companies that provide "mining computing power" to non-Russian customers. VAT may app...
On July 17, according to people familiar with the matter, Russia plans to further cut crude oil production to make up for the production exceeding the OPEC + quota in the warm season this year and next year. The additional production cuts from Moscow are most likely to be implemented in the summer and early autumn due to technical reasons, the people said. Since starting cooperation with OPEC, Russia has said that it cannot significantly reduce production in the late autumn and winter due to the...
