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Writer's pictureTimes Tengri

Cryptocurrency mining will be made legal in Russia

Cryptocurrency mining will be legalized in Russia from November this year. The law was signed by Russian President Vladimir Putin.


The document authorizes the Russian government to set rules for cryptocurrency mining for both individuals and legal entities. The Cabinet of Ministers will also get the right to ban this activity in certain regions.


A register of individual entrepreneurs and companies engaged in mining will be created in the Russian Federation. Individuals will not be included in this register.


Earlier Kun.uz wrote that in the first half of the year "Uzenergoinspection" revealed 75 cases of illegal mining of cryptocurrencies in Uzbekistan. 15.9 million kWh of electricity worth 81.6 billion soums was recalculated.


Reprinted from Kun.uz

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