ECONOMIC OF MINING
Original Paper
UDC 336.012.23 © V.E. Ponamorenko, G.A. Nasyrova, G.S. Kodasheva, T.V. Schyukina, N.N. Konovalov, 2022
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 4, pp. 61-66
DOI: http://dx.doi.org/10.18796/0041-5790-2022-4-61-66
Title
TOPICAL ISSUES OF THE CRYPTOCURRENCY MINING IMPACT ON ENERGY SECURITY OF THE EURASIAN REGION (AS EXEMPLIFIED BY THE REPUBLIC OF KAZAKHSTAN AND THE RUSSIAN FEDERATION)
Authors
Ponamorenko V.E.1, Nasyrova G.A.2, Kodasheva G.S.2, SchyukinaT.V.1, Konovalov N.N.1
1 Institute of Management Technologies, MIREA - Russian Technological University, Moscow, 119454, Russian Federation
2Gumilyev Eurasian National University, Nur-Sultan, 010008, Republic of Kazakhstan
Authors Information
Ponamorenko V.E.,Doctor of Law, Associate Professor, Professor at the Department of Applied Law, e-mail: vladpon@inbox.ru
Nasyrova G.A., Doctor of Economic Sciences,Professor, Head of the Finance Department, e-mail: gnassyrova@yandex.ru
Kodasheva G.S., DoctorPhD, Associate Professor of the Finance Department,e-mail: kodasheva@mai.ru
Schyukina T.V., Doctor of Law, Professor, Head of the Department of Applied Law, e-mail: shukina-tv@mail.ru
Konovalov N.N., PhD (Law), Associate Professor, Associate Professor of the Department of Applied Law,e-mail: konowalownn@gmail.com
Abstract
The publication addresses the impact of cryptocurrency mining on the energy security of the Republic of Kazakhstan and the Russian Federation, two of the top three countries in the world in terms of cryptocurrency mining. The article analyzes statistical data that reflect the dynamics of increasing cryptocurrency mining in the Republic of Kazakhstan and the Russian Federation, reviews expert opinions on the advantages and downsides of the dramatic growth of mining activity in the two countries, and considers the regulatory solutions proposed by regulators and the expert community in both countries. Conclusions are made regarding the need to streamline the legal regulation of cryptocurrency mining in Russia and Kazakhstan, including the issues of its taxation.
Keywords
Mining, Cryptocurrency, Energy, Security, Bitcoin, Taxation.
References
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For citation
Ponamorenko V.E., Nasyrova G.A., Kodasheva G.S., SchyukinaT.V. &. KonovalovN.N. Topical issues of the cryptocurrency mining impact on energy security of the Eurasian region (as exemplified by the Republic of Kazakhstan and the Russian Federation). Ugol’, 2022, (4), pp. 61-66. (In Russ.). DOI: 10.18796/0041-5790-2022-4-61-66.
Paper info
Received February 2, 2022
Reviewed February 16, 2022
Accepted March 22, 2022
