Russia's Federal Tax Service (FTS) has introduced a new online tool to assist crypto miners in calculating their taxes. The tool offers exchange rate data for cryptocurrencies. It helps miners calculate income based on the minimum closing price in rubles on specific dates.

While the tool currently includes data from seven exchanges, such as Binance and ByBit, some major coins like Ethereum (ETH) are missing from the database.

Despite its limitations, the resource aims to simplify the calculation of tax liabilities for digital currency transactions. The FTS emphasises that taxpayers must independently verify the information.

Since the legalisation of crypto mining in Russia, miners must comply with a two-tiered tax system introduced in 2024. Miners earning up to 2.4 million rubles are taxed at 13%, while those exceeding this threshold face a 15% tax.

Miners using over 6,000 kWh of electricity per month must register with the FTS. Fines will be imposed for non-compliance.