Overview
- Maxim Oreshkin, a senior presidential aide, says crypto flows affect the balance of payments and the foreign‑exchange market and should be recorded as exports.
- Industry leaders estimate Russian miners produced about 55,000 BTC in 2023 and roughly 35,000 BTC in 2024, with the drop linked to the Bitcoin halving.
- Mikhail Brezhnev estimates nationwide mining income at roughly 1 billion rubles per day, reflecting Russia’s sizable share of global computing power.
- Russia’s legal framework requires registration with the Federal Tax Service, applies a 25% corporate tax, sets individual rates of 13–22%, and taxes non‑residents at 30%, with a household exemption below 6,000 kWh per month.
- Media investigations report widespread unregistered mining, electricity theft, and unpaid taxes that shift costs to consumers and create billion‑ruble losses for the state.