Andrey Lugovoi: Russia can become the world leader in cryptocurrency mining – Bits Media

Andrei Lugovoi, a member of the State Duma on the legislative regulation of cryptocurrencies, that Russia has the potential to overtake all other countries in mining.

For this, a clear legislative regulation of miners requires a clear legislative regulation of, explained
In an interview with Parliamentary Gazeta, deputy of the LDPR faction. If you can withdraw underground miners from the shadow, This will help the growth of the economy.

“The contribution of our country to the world crypto is already a rather big: Marking in Russia 12% total cryptocurrencies, We take third place in the world. Given the unique climatic conditions of Russia, the presence of an electricity surplus and its low cost, can be considered, that our country has the opportunity to march in first place in the world ", - emphasized Andrey Lugovoi.

The participant in the working group once again confirmed, that the government will not allow the use of cryptocurrencies for payments and settlements. but, Within the framework of the law on digital financial assets, cryptocurrency is recognized as property, but it is not prohibited to extract it. Lugovoi also noted, that “in the draft amendments to the Tax Code, we see the approach, in which the owner of the cryptocurrency will have to declare it ".

According to Andrei Lugovoy, It was volatility that made digital assets so popular among investors - when bank deposits are constantly reduced, Investors are looking for new and more profitable ways of investing. And cryptocurrencies are great for this. At the same time, the deputy does not support the opinion of some officials about the use of cryptocurrencies to commit crimes. Lugovoi emphasized, that there are quite different tools for identifying criminal transactions and wallets.

In mid -April, the Ministry of Finance submitted the updated bill "On Digital Currency", which contains detailed regulatory provisions regarding cryptocurrency mining.