In Russia, it is necessary to legalize the mining of bitcoin and other cryptocurrencies, said Artem Kiryanov, Deputy Chairman of the State Duma Committee on Economic Policy. comments “Lenta.ru”, reports RBC Crypto.
Any phenomenon that de facto exists should be described from the standpoint of law and state regulation, the deputy believes. He also noted that at the moment there is no reliable analytics about the situation in the industry.
It is imperative to consolidate the concept of cryptocurrency mining, the procedures that companies in this industry must go through, as well as regulation that will legalize this activity and give a stable and substantial income to the Russian budget, the deputy emphasized.
In June, the head of the State Duma committee on the financial market, Anatoly Aksakov, admitted that mining in Russia would become legal as early as 2024.
According to BitRiver, the Russian mining industry is rapidly catching up with the American one due to increased capacity and demand from China.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
