Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining

Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining


Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally.

Nationalists Propose Regulations for Russian Crypto Miners

The popularity of cryptocurrencies, rising with their market value, has drawn the attention of the nationalist faction in the State Duma, the lower house of Russian parliament. “Unsecured” bitcoin is now trading at $68,000 per coin, one of its members, Andrey Lugovoy, noted in comments to local media this week, adding:

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If three years ago someone invested 1 million rubles, they would now have 5 billion.

The deputy revealed that

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