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In a recent bilateral meeting, Russia’s Federal Tax Service (FNS) shared its expertise with a delegation from the Committee of State Revenues under the Ministry of Finance of the Republic of Kazakhstan. The session focused on regulatory practices and tax administration for cryptocurrency mining and electronic commerce.
Regulating Crypto Mining Through Registration
Svetlana Bondarchuk, Deputy Head of the FNS, presented Russia’s 2025 advancements in formalizing the crypto-mining sector. She highlighted the successful launch of two key registries:
- A register of cryptocurrency miners, and
- A register of mining infrastructure operators.
These tools are designed to bring greater transparency and regulatory compliance to the industry. According to the new rules, Russian legal entities and individual entrepreneurs are only authorized to engage in digital currency mining after being listed in the official registry. Similarly, operators of mining infrastructure must also register before commencing operations.
Stricter Tax Rules for Miners and Traders
Alexey Katyaev, Head of the FNS Interregional Inspectorate for Major Taxpayers No. 7, discussed recent legislative changes introduced by Federal Law No. 418-FZ (November 29, 2024). The law reclassifies digital currency as property and imposes new restrictions on taxation regimes for those involved in mining and crypto trading.
Key updates include:
- Entities conducting cryptocurrency mining are no longer eligible for the Simplified Tax System (STS).
- Miners who sell digital currency cannot apply:
- The Professional Income Tax regime (for self-employed individuals),
- The Patent Taxation System (PTS), or
- The automated simplified taxation system (auto-STS).
These changes are part of Russia’s broader strategy to align crypto-related activities with traditional financial oversight frameworks.
Cross-Border Cooperation on Tax Governance
Russian and Kazakh officials emphasized the importance of continued international collaboration and knowledge exchange. They agreed that regular dialogue is vital for developing effective tax policies and enforcement mechanisms in the fast-evolving digital finance and e-commerce sectors.
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