The Russian State Duma approves the draft crypto mining regulation in the first reading
The Russian State Duma has passed a bill on first reading to legalize cryptocurrency mining in Russia. According to the bill, the government of the Russian Federation will reach an agreement with the Central Bank of Russia to establish requirements for the activities of individuals and legal entities (including mining pool participants) engaged in digital currency mining. The control (supervision) of compliance with the established requirements will be carried out by the Ministry of Digital Development. The government can also ban mining activities in certain regions or within individual territories.