Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia.
Only Russian legal entities and individual entrepreneurs included in a register will have the right to mine. Individuals who do not exceed the energy consumption limits set by the Russian government will have the right to mine digital currency without being included in the register.
According to the document, foreign digital financial assets can be traded on Russian blockchain platforms and the Bank of Russia will have the right to ban the placement of individual issues if it finds a threat to Russia’s financial stability.
Only Russian legal entities and individual entrepreneurs included in a register will have the right to mine. Individuals who do not exceed the energy consumption limits set by the Russian government will have the right to mine digital currency without being included in the register.
According to the document, foreign digital financial assets can be traded on Russian blockchain platforms and the Bank of Russia will have the right to ban the placement of individual issues if it finds a threat to Russia’s financial stability.