The Russian Federal Tax Service stated that crypto mining companies are expected to pay approximately 567 million rubles (about $7 million) in taxes to the government in 2025, significantly lower than the previous estimate of around 6 billion rubles. Officials attributed the reduced tax revenue to rising electricity prices, BTC price decline, US dollar depreciation, and a large number of mining facilities that have not yet completed registration. Currently, approximately two-thirds of Russian mining companies remain unregistered. (cryptopolitan)

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