The State Duma did not adopt a law on cryptocurrency mining

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The State Duma did not come to a consensus on the regulation of cryptocurrency mining. It is opposed by the financial market committee. About it writes Interfax with reference to sources.

It is reported that the committee will oppose the approval of the draft law “On Mining in the Russian Federation” (N127303-8), which was prepared by the “New People” faction. The Committee will point out that the bill describes the use of cryptocurrencies as a means of payment in the Russian Federation, which is prohibited by the law “On Digital Financial Assets”.

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Also, the bill does not describe the process of registering miners as individual entrepreneurs and the process of accounting for their equipment. According to the Committee, it is still raw and incomplete.

At the end of September, the head of the committee, Anatoly Aksakov, said in a media commentary that the Central Bank of the Russian Federation and the Ministry of Finance had reached an agreement to regulate cryptocurrency mining. The Ministry of Finance is already working on a new version of the bill, and it is expected that it will be presented to the State Duma in the near future.

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What exactly agreed the Ministry of Finance and the Central Bank of the Russian Federation, is not disclosed. Aksakov suggested that mining would be banned in regions with energy shortages. It is noteworthy that just a week ago, the Russian government sent a negative response to the cryptocurrency mining bill, citing the lack of regulation of cryptocurrencies.

Meanwhile, the Ministry of Finance and the Central Bank of the Russian Federation are working on the legalization of cryptocurrencies, but only for cross-border settlements. As stated in the Ministry of Finance, both regulators rethought the approach to cryptocurrencies, taking into account the changing situation. The representative of the Ministry of Finance also claimed that both departments plan to legalize cryptocurrency for people when developing the appropriate infrastructure, but later the Central Bank of the Russian Federation rejected plans to legalize any exchanges or cryptocurrency exchangers.

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Source: Cryptocurrency

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