Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.”
Parliament Prepares to Legalize the Mining of Cryptocurrencies in Russia
After rejecting one crypto mining bill for being fragmented and ambiguous, Russian lawmakers accepted to review another draft law, which more comprehensively regulates the extraction of digital currencies in the country.
The main goal of the latest legislative proposal is to permit the minting of all cryptocurrencies, according to Anatoly Aksakov who heads the Financial Market Committee at the State Duma, the lower house of Russia’s bicameral legislature.
In an interview, the high-ranking deputy shared details about the new draft law. Speaking to the business news channel RBC-TV, he stated:
The idea is to
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