... cryptocurrency received from mining will be valued at market price at the time of receipt. This assessment allows for a more accurate determination of taxable income derived from mining. Taxation of Mining Income and Expense Deductions Income in the form of cryptocurrency mined will be accounted for as it is received, with tax calculated based on the market value of the cryptocurrency at the time of mining. The law also allows for a reduction of the taxable base by the amount of incurred expenses, helping miners partially ...

... explore what specifically awaits the market and how this will affect users and investors. Infrastructure for Cryptocurrency Sales in Russia — What Awaits the Market in 2025 In Russia, the need for a transparent national infrastructure for the sale of mined cryptocurrency has become pressing. This was stated by Daniil Egorov, head of the Federal Tax Service (FTS), at the St. Petersburg International Economic Forum (SPIEF-2025). He indicated that legal miners are currently forced to either seek unofficial ...

... these listed countries, mining operates on an industrial scale, resembling full-fledged data centers with multiple rows of equipment. The payback period for a self-mining farm ranges from 12 to 24 months, and in some cases, even longer. Cloud Mining To mine cryptocurrency, it is not necessary to set up a full-fledged mining farm at home. One can utilize what is known as cloud mining. Numerous foreign and domestic companies provide this service. Users rent computing power from an organization that facilitates ...

... cryptocurrency comes with a plethora of advantages: Electronic currencies are issued online. They are not influenced by government bodies, financial institutions, or traditional currencies. This means they are entirely independent of them. Anyone can obtain cryptocurrency. It can be purchased or mined independently. All that is needed is a computer with a powerful graphics card and internet access. Cryptocurrency is stored directly in user wallets. There is no centralized bank from which it can be stolen or blocked. All transactions involving ...

... makes cryptocurrency transactions more predictable in terms of tax burden. Mining taxation: transparency and additional obligations Cryptocurrency mining is now subject to taxation according to the following principles: Value assessment The value of the mined cryptocurrency is determined by market quotes on foreign exchanges. The taxpayer independently selects the platform for calculation. This allows taking into account real market conditions, but requires miners to carefully approach the choice of exchange....