The quotas and allocations of mining operators should be set by the regional authorities, not federal, the deputy minister says.
Russian Deputy Minister of Energy Evgeny Grabchak proposed eliminating the legal vacuum around crypto mining in the country and introducing clear regulations. This statement continues the recent streak of support for the crypto industry among the country’s officials. Speaking at the first national conference of legal crypto miners in Irkutsk on Saturday, Grabchak called for introducing a regulatory framework for the sector as soon as possible:”The legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be [eliminated] as soon as possible. If we want somehow to get along with this activity, and we have no other options in the current reality, we must introduce legal regulation, adding the concept of mining to the regulatory framework”.The de
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