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Mining Bitcoin News

Russia Set to Recognize Bitcoin Mining as Economic Activity

According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Russia Set to Recognize Bitcoin Mining as Economic Activity
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing […]

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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