PS: The State Duma rejected in the first reading the bill “On Mining in the Russian Federation,” which was supposed to introduce regulation of the issuance and generation of digital assets.
He opposed the adoption of this billthe relevant State Duma Committee on the Financial Market - they noticed that the document proposes the use of cryptocurrencies as a means of payment, and this contradicts Part 1 of Article 75 of the Constitution of the Russian Federation, as well as the fact that the document is “fragmentary and clearly insufficient.”
“Entry into force of the bill in its current formwill not allow minimizing threats to the stability of the national financial system, in particular, eliminating the use of cryptocurrencies for illegal purposes.”
It is worth noting that Russia is in the TOP-5largest Bitcoin mining centers in the world. The State Duma rejected in the first reading the bill “On Mining in the Russian Federation,” which was supposed to introduce regulation of the release and generation of digital assets.
He opposed the adoption of this billthe relevant State Duma Committee on the Financial Market - they noticed that the document proposes the use of cryptocurrencies as a means of payment, and this contradicts Part 1 of Article 75 of the Constitution of the Russian Federation, as well as the fact that the document is “fragmentary and clearly insufficient.”
“Entry into force of the bill in its current formwill not allow minimizing threats to the stability of the national financial system, in particular, eliminating the use of cryptocurrencies for illegal purposes.”
It should be noted that Russia is in the TOP-5 largest Bitcoin mining centers in the world.
Despite the interest of miners in the Russian Federation, cryptocurrency mining in the country has not yet been regulated.