Russia’s Ministry of Finance opposes the total licensing of mining
The implementation of the measures proposed by the Central Bank will not allow cryptocurrency mining outside the experimental legal regime
07.12.2022 - 10:45
252
1 min
0
What’s new? The Ministry of Finance of the Russian Federation does not agree with the position of the Central Bank regarding the regulation of the mining industry. In particular, the department did not support the proposal for the total licensing of cryptocurrency mining. This was announced by Deputy Finance Minister Alexey Moiseev at a meeting of the Financial Market Development Council, Kommersant reports.
News on the Kommersant website
The Central Bank’s position. According to Moiseev, the implementation of the measures proposed by the Bank of Russia will actually mean a ban on mining, which is conducted outside the experimental legal regime. Their implementation will lead to the fact that miners will have to mine through authorized organizations, which means total licensing. “We are against it,” Moiseev summed up his statement.
Earlier, the Bank of Russia supported the draft law on the regulation of mining, prepared with the participation of the regulator, and submitted to the State Duma. The document suggests allowing the sale of mined cryptocurrency both on foreign platforms and in Russia — through a special platform to be created within the framework of the law on experimental digital regimes.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024