Proposed Regulatory Shift for Mining Operations

Russian lawmakers are reviewing a proposal to change how cryptocurrency mining is regulated. The State Duma Committee on Financial Markets has recommended approving a bill that reallocates oversight powers to the Ministry of Finance.

Under the proposal, the Federal Tax Service would continue supervising mining activities. However, the rules governing inspections and compliance would be established by the Ministry of Finance. This would give the ministry a central role in shaping mining regulation.

According to the committee, the new structure would improve regulatory efficiency. It would also better reflect the fast pace of digital asset market development.

Expanded Authority for the Ministry of Finance

If adopted, the bill would allow the Ministry of Finance to define oversight procedures related to cryptocurrency miners and mining entities, mining pools, mining infrastructure operators, and compliance with digital asset legislation.

The Federal Tax Service would remain the enforcement body. However, it would operate under guidelines issued by the Finance Ministry. Lawmakers believe this separation of roles will improve coordination and transparency.

The committee noted that the proposal responds to the growing scale of legal mining operations in Russia.

Government Support and Legislative Path Forward

The bill was introduced in July 2025 by State Duma deputy Andrey Lugovoy. The first reading is scheduled for January 20.

The initiative has already been endorsed by the Russian government, the Central Bank of Russia, and the Federation Council’s budget and financial markets committee. This broad support suggests a high likelihood of further legislative progress.

Analysts say the reform could help establish a more coherent national policy for cryptocurrency mining and digital asset circulation in Russia.