The Federal Tax Service (FTS) of Russia has started publishing cryptocurrency exchange rates for calculating mining tax. A special page has appeared on the official website of the service, which publishes quotes and trading volumes of the largest crypto exchanges — the so-called "foreign trading organizers." This data is intended for use by miners and pool operators when calculating tax on the received cryptocurrency.
According to the new requirements that came into force on November 1, 2024, all legal entities and individual entrepreneurs engaged in mining are required to register in a special register of the Federal Tax Service. Registration is not required for individuals if the amount of electricity they consume does not exceed 6 thousand kWh per month. At the same time, all miners, regardless of the form of activity, must report monthly on the amount of cryptocurrency mined.
Cryptocurrency exchange rates on the Federal Tax Service website are published in rubles. Cryptocurrency received as a result of mining is considered income, and the tax on it is calculated based on the market value on the day the user received the coins and could start using them.
The service posted on the website helps to calculate both the cost of the cryptocurrency received and its cost when sold. If the cryptocurrency was traded on several exchanges and in different trading pairs, the miner can independently choose a suitable quote. At the same time, the Federal Tax Service indicates that data is published only for those crypto exchanges whose trading volume exceeds 100 billion rubles, but taxpayers are allowed to use exchange rates from other trading platforms as well.
Currently, the portal presents data on Binance, Bybit, OKX, KuCoin, MEXC, HTX and Gate exchanges, and a separate calculation methodology is indicated for each of them. The Federal Tax Service emphasized that these exchange rates are published for informational purposes only, and the service is not responsible for their accuracy and relevance.
In addition, in February 2025, the Federal Tax Service launched an online service in the taxpayer's personal account for reporting on the cryptocurrency received. According to the service, 518 participants were registered in the miners' register by the end of February.
Read materials on the topic:
New cryptocurrency law: in Russia you will have to pay taxes for digital currency
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