Bitriver suggested recognizing mining in Russia by the industry - Bits Media

The largest mining company Bitriver appealed to the Minister of Industry and Trade Denis Manturov with a proposal to recognize the production of cryptocurrencies with economic activity and assign the OKVED code.

Bitriver is the leadership, that the recognition of mining by the industry industry will help regulate this sphere. Oleg Ogienko, head of interaction with Bitriver state bodies, noted, That mining can be included in the section “Production Production” classifier and add an additional group.

Mining taxation is also important, And recognition by his economic activity will make it more correct. So, Taxes in industry are paid after the sale of goods and, According to Ogienko, In the case of mining, the company is also taxed only after the sale of cryptocurrency.

According to the head of the State Duma Committee on the financial market Anatoly Aksakov, The initiative has already been sent for approval to the government. He told, that the idea is quite sound and he did not notice the rejection in the circles of deputies. Besides, If mining is appropriated by OKVED, This code can be prescribed to the mining bill, which is still under consideration by the State Duma.

The press service of the Ministry of Economic Development noted, that the appropriation of OKVED codes is possible, But it is necessary to regulate the industry with the "Description of the quantitative-quality characteristics of the type of activity".

In a letter to Manturov, Bitriver representatives emphasized, that mining must be recognized as economic activity, Since the share of mining (10,8-14,1 billion kWt/h for 2022 year) exceeds 1% total electricity consumption in Russia. Besides, The complexity of the construction of data centers is quite comparable in complexity with the launch of industrial facilities.

According to the analytical center (Az) Text, Last year, electricity consumption by miners was 5 billion kW/h, At the same time in 2021 the year miners in the country required 9,3 billion kW/h.