The Russian parliament has said that it wants to “resolve all legal issues with cryptocurrency” and that it will do this by defining legal terms for crypto assets, mining, and more. It has also been noted that it is time for miners to start paying taxes on their crypto earnings.
Russian crypto miners may face higher electricity bills next year, but the development could allow miners to continue their trade without further scrutiny from energy providers. It is thought that energy providers may even assist them in setting up their operations in ways that place less strain on local grids.
Russia’s Central Bank has revealed its vision for crypto regulation. However, the process behind regulating crypto in the country is proving to be painfully slow and developing a new framework appears to be frustrating for many of the experts involved.
The Investigative Committee of Russia has called upon the government to grant it the power to seize crypto and freeze wallets. This is in response to recent requests from the American FBI.
Home crypto miners have greatly contributed to power outages in Irkutsk region. The electricity company in Russia plans to have all “gray” miners charged in court.
The Central Bank of Russia has developed different mechanisms for limiting cryptocurrency investment in the country. We explain why and how.
With the global adoption of cryptocurrencies, Russians may soon be allowed to invest in cryptocurrencies but only through foreign companies.
Russia, the world’s largest country, seeks to forbid cryptocurrency investment. Find out what this ban means to current investors.
The Deputy Director of Russia's Federal Financial Monitoring Service says the country must ban or regulate crypto exchanges in 2022.