Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit

Kain Warwick also admits the Infinex Patron NFT sale did not go as planned, with just 2% of users buying the most liquid NFT tier.

Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate. 

If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.