Vladimir Putin signed a law on the legalization of cryptocurrency mining activities, approved earlier и . The document was today on the official portal of legal information.
The law defines such concepts as “mining”, “mining pool”, “mining infrastructure operator”, “organization of digital currency circulation”, and also establishes the procedure and conditions for conducting cryptocurrency mining activities in Russia. According to the law, Russian legal entities and individual entrepreneurs will be able to engage in mining, subject to inclusion in the appropriate register of the Ministry of Digital Development of the Russian Federation. Individuals will be able to engage in this type of activity without being included in the register, provided that the established limits on energy consumption are not exceeded. At the same time, the government has the right to introduce a ban on mining in certain regions or in certain territories.
The law provides for miners to provide information to the authorized body about receiving digital currency as a result of their activities, as well as information about identifier addresses. The document also prohibits advertising of digital currency for the purpose of organizing its circulation and allows trading in foreign digital financial assets (DFAs) on Russian blockchain platforms.
During a meeting on economic issues held on July 17, Putin noted that the digital ruble project was a success, and emphasized that it was important to “not miss the moment” and promptly set up regulation and infrastructure for the circulation of digital assets both within Russia and in relations with foreign partners, writes . At the same time, he noted that the uncontrolled consumption of electricity by miners creates the risk of energy shortages for a number of regions, including the Irkutsk region, Buryatia and the Trans-Baikal Territory.
Also signed today , which provides the opportunity for the Bank of Russia to conduct an experiment to create a platform for the use of cryptocurrencies in international payments. At the same time, the Bank of Russia is vested with the functions of an authorized and regulatory body on issues of experimental legal regimes (EPR) in the field of cross-border settlements and exchange trading in digital currency.
Sources:
Source: 3dnews.ru
