Russian President Vladimir Putin signed law that legalizes cryptocurrency mining in Russia. This is written by RBC Crypto. The law on regulating the circulation of cryptocurrencies and mining in Russia was adopted by the State Duma deputies on July 30. At the same time, a law on experimental settlements in cryptocurrency in foreign trade transactions was adopted.
After being signed by the President, the law will enter into force ten days after the date of its official publication, with the exception of provisions for which a different date of entry into force has been established.
The draft law on regulating mining will allow cryptocurrency mining activities to be brought into the legal field, and the draft law on experimental settlements in cryptocurrency will allow foreign trade settlements and exchange trading in cryptocurrency within the framework of experimental legal regimes.
Only Russian legal entities and individual entrepreneurs included in a special register will be able to engage in mining. Individuals will still be able to engage in mining if they do not exceed the established energy consumption limits. The government will have the ability to impose restrictions on mining in individual regions and territories.
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Source: Cryptocurrency
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