Russian Duma creates working group to tackle crypto mining regulations

Russian Duma creates working group to tackle crypto mining regulations


The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry.

According to an official announcement on Nov. 11, State Duma Chairman Vyacheslav Volodin instructed the legislature to create a group that will address regulatory gaps in the industry.

The group was formed following a statement by Andrei Lugovoy, the First Deputy of the Representative Committee on Security and Anti-Corruption. 

Trending: Alleged Epstein madam Ghislaine Maxwell on trial — here’s what to expect

Lugovoy — a member of the right-wing Liberal Democratic People’s Party — said Thursday that deputies have already written a draft bill which they will introduce in the Duma “without fail.”

The deputy said that the matter of Bitcoin (BTC) mining regulation has become unavoidable, claiming that crypto miners earn $2 billion per year in the country,

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend