Russia’s Ministry of Finance has been mulling the idea of exporting cryptocurrencies produced out of mining activities taking place in the country. The Ministry says that this mechanism would also work similarly to the country’s natural gas exports.
Russia Will Allow Miners to Sell Crypto
Russian miners might get the permission to sell cryptocurrency as an export commodity, as discussed by Deputy Minister of Finance Ivan Chebeskov during the round table on “Cryptocurrency and the future of digital finance”. Speaking to the Russian media RBC, Chebeskov said:
“There is an option and a bill – to use the export of cryptocurrency as a product of mining activity. That is, there is special legislation for the export of gas, for example, using this example, we developed a concept, a project so that a miner could export the product of what he mined, that is, cryptocurrency as an export product. Such a legislative initiative is also being formed in our country”.
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