<p>Miners of bitcoin and other cryptocurrencies in Russia could soon be taxed if a proposal of levying a treasure tax on them gets through.</p> <p>The proposal has been put forth by the Association of Banks of Russia, according to a <a href="https://iz.ru/924966/tatiana-bochkareva-dmitrii-grinkevich/v-razmere-klada-v-rossii-mozhet-poiavitsia-nalog-s-kriptovaliut">report</a> from local news outlet Izvestia on Thursday. Treasure tax is charged on something that a person creates or finds, e.g. fruits or products.</p> <p>The association has said that cryptocurrency mining can be equated to the finding of money or any other form of treasure, adding: “Operations with virtual currencies should be taxed on profit as exchange transactions in the Tax Code.”</p> <p>The proposal is <a href="https://asros.ru/events/discussion-of-the-report-the-concept-of-turnover-decentralized-cryptocurrency/">scheduled</a> to be discussed on Oct. 8, according to information on the association’s website.</p>