On July 25, the State Duma Committee on Financial Markets introduced amendments to the second reading of the draft law on mining, lifting the ban on organizing the circulation of cryptocurrencies. This reported Deputy Anton Gorelkin.
This provision excluded the possibility of creating exchanges and exchangers outside the zone of action of experimental legal regimes (ELR). According to Gorelkin, in its current version it caused quite serious concerns among industry representatives.
Another controversial point – the ban on advertising digital currencies – was left, but it will be included in the corresponding amendments to the Federal Law “On Advertising”.
The State Duma Committee on Energy expressed concerns about “black” mining and the ineffectiveness of combating it through electricity consumption limits prescribed in the bill. However, the proposal to completely ban individuals from mining cryptocurrencies did not pass.
At the same time, the meeting recommended adopting in the second reading the companion bill on the EPR, which legalizes the use of cryptocurrencies for cross-border payments.
On July 24, the State Duma of the Russian Federation adopted in the first reading the bills on regulating mining and EPR.
On July 23, a separate law obliged miners in the Russian Federation to comply AML-norms.
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Source: Cryptocurrency
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