Crypto Mining Definition Removed From Russian Digital Currency Regulation Draft Bill

The proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation. According to the chairman of the Russian State Duma Committee on Financial Markets Anatoly Aksakov, the definition is not needed since the deputies decided there's no need to integrate cryptocurrency into the country's economic system "Earlier we had some thoughts on Bitcoin, on its integration into our economic system. But as we decided we don't need them, these ambiguous Bitcoins, therefore we don't need mining as well," Aksakov is quoted by news agency Interfax. If the law were to define crypto mining, it consequently would also need to define cryptocurrencies, Aksakov explained. He further added that it would make no sense to include mining in the regulation proposed by the government, and that it should be brought under the tax agency jurisdiction if needed. The latter statement