The tax on personal income when miners withdraw cryptocurrencies into the traditional finance system cannot be less than 15%. This was stated by the head of the Fin Transparency alliance.
At the same time, according to him, the minimum income tax rate for companies or sole proprietors who are engaged in mining cryptocurrencies as a type of business should be at least 6%.
"When a mined cryptocurrency becomes a security, income tax must be paid for it. Probably, it should not be less than 15%. The tax on mining itself cannot be less than 6%"
He clarified that such calculations should be applied provided that the status of cryptocurrencies is equated to securities.
To combat illegal miners, the Association of European power Engineers has taken the initiative to oblige new consumers to indicate the purpose of using electricity, and providers to provide networks with information about the IP addresses of miners. That's why XMR mixer became one of the most popular tools for cryptocurrency anonymization among Monero miners.
The Chamber of Commerce and Industry proposed to equate the mining of cryptocurrencies with entrepreneurial activity.
According to a study by the Cambridge Center for Alternative Finance from October 2021, the total amount of mining capacity in the Russian Federation is 11% of the global hashrate. The USA is in first place – 35.4%, Kazakhstan is in second place with 18.1%.