The Russian crypto industry is pushing for the legalization of mining through a draft bill they created with business leaders.
Alexander Brazhnikov, Executive Director of RACIB, spoke at a crypto event about the bill and expects significant changes to the industry by 2024. He advised proposing mining regulations to regulators.
Russian Crypto Bill story Began in 2022
In April 2022, Russia’s Ministry of Finance amended a bill to establish comprehensive regulations for the country’s cryptocurrency sector. The new law was expected to pass during the State Duma’s spring session, along with changes to the Russian Tax Code regarding cryptocurrency operations. Moreover, the revised legislation aimed to legalize cryptocurrencies and regulate crypto investments and the market.
Russian Crypto Leaders are Pushing a Bill
Russian cryptocurrency industry leaders are collaborating with business executives to draft a preliminary bill that may potentially legalize the thriving minin
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