Russian authorities will create a system solution for cryptocurrency mining
Bank of Russia Governor has said that if it is adopted, an experimental regulatory regime and limits will not be needed
22.04.2022 - 09:00
360
1 min
0
What’s new? Bank of Russia Governor Elvira Nabiullina has announced that a systemic solution on the issues of mining is being prepared jointly with the Government of the Russian Federation. If it is approved, “no limits, no sandbox will be needed” for this sphere.
What else has Nabiullina stated? The Central Bank is concerned about the use of cryptocurrencies as a means of payment within the country. Elvira Nabiullina believes that digital assets extracted through mining will be a monetary surrogate that can undermine monetary circulation.
What had happened before? On April 11, the Ministry of Energy of Russia supported the idea of legalizing mining. In addition, the Ministry of Energy jointly with the Ministry of Finance is discussing a taxation model for miners. The department believes that miners should consume electricity at a tariff for “others” consumers, rather than at a preferential tariff for the population. In early April, Russia proposed to establish an experimental regime to regulate mining. The “regulatory sandbox” regime is aimed at mining digital currencies using computing facilities hosted by thermal generation facilities.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 958
BTC
+1.87%
-
Ethereum
$3 376.47
ETH
+7.35%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+24.05%
-
Dogecoin
$0.393881
DOGE
+2.08%
-
Cardano
$0.866833
ADA
+10.74%
-
Bitcoin Cash
$491.27
BCH
-5.59%
-
Polkadot
$6.14
DOT
+7.64%
-
Stellar XLM
$0.285025
XLM
+18.76%
-
Litecoin
$90.26
LTC
+0.2%