Bill Regulating Crypto Mining Submitted to Russian Parliament

salvadormartin
2022-10-27 06:49:16

A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies... See more for yourself here.

anabellcortess
2022-10-27 06:55:23
It was expected that this bill should be considered at the spring session of the State Duma, but apparently, as always, they did not have time. But it is quite possible that the unleashed war in Ukraine made its own adjustments, which did not go according to the scenario at all as planned. Now it is already difficult to predict what will happen to the cryptocurrency and its mining in Russia. There will need to take tough measures to prevent the outflow of capital from the country. Therefore, cryptocurrency and its mining may be generally prohibited in Russia. However, let's see how further events unfold.