Armenia prepares the bill of legalization of mining

Home » MINING » Armenia prepares the bill of legalization of mining
Armenia prepares the bill of legalization of mining

The people’s assembly of Armenia will consider the bill “About Digital Technologies” offering mechanisms of regulation of mining cryptocurrencies. The author of the document — the deputy of oppositional fraction “Elk” Edmon Marukyan.

The bill enters a mining in the territory of the country into the lawful field: it is allowed to get cryptocurrency to both legal entities, and citizens who have reached 18 without obtaining any additional license.

Besides, it is supposed that until the end of 2023 activities for production of cryptocurrencies will be completely exempted from any kind of taxes.

At the same time, there is an agreement between the Razdan combined heat and power plant and the ECOS-M company on granting the electric power for construction of the 50 MW mining center in the territory of the Free economic zone in Armenia. Potentially the power of the mining center can be increased up to 200 MW.

The mining-center which main advantages are an autonomous source of the electric power, an effective control system and preferential tax terms is at a stage of construction now and will be lanuched in April 2018.

  • bitcoinBitcoin$5,379.96
  • ethereumEthereum$180.60
  • rippleXRP$0.356924
  • tetherTether$1.00
  • eosEOS$5.83
  • stellarStellar$0.127840
  • litecoinLitecoin$89.48
  • cardanoCardano$0.091349
  • tronTRON$0.030455
  • moneroMonero$71.64
  • iotaIOTA$0.354608
  • nemNEM$0.073673
  • dashDash$131.30
  • neoNEO$12.62
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 47
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 44
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018