Blockchair's logo


                        The State Duma adopted the mining bill in the first reading
                    Ultramining 24 Jul 2024

The State Duma adopted the mining bill in the first reading 🇷🇺

The Russian State Duma adopted a mining bill in the first reading, which details that only Russian legal entities and individual entrepreneurs in a special registry can engage in mining. Registered miners will also have the exclusive right to trade mined cryptocurrencies. Furthermore, the FSB and Rosfinmonitoring will control the circulation of cryptocurrencies within Russia, and miners must adhere to anti-money laundering regulations. Additionally, the Duma passed a separate law requiring miners to report to Rosfinmonitoring, though this is not directly related to the main mining regulation bill.

Source: ultramining.com ↗