Russia Embraces the Digital Gold Rush: Putin Legalizes Crypto Mining
Cryptocurrency Mining Authorized in Russia: A Strategic Move Towards Digital Innovation In a landmark decision that underscores Russia's strategic shift towards digital innovation, the President of Russia has signed into law legislation that legitimizes cryptocurrency mining within the nation This pivotal development reclassifies cryptocurrency mining from mere currency issuance to a critical turnover component, thereby altering the landscape of digital currency operations in Russia New Legislation Brings Clarity and Structure The newly signed law introduces terminology such as "digital currency mining," "mining pool," and "mining infrastructure operator," signaling a more structured approach to the digital economy Set to come into effect shortly after its official publication, this legislation specifies that only entities and individual entrepreneurs registered in Russia will be permitted to engage in cryptocurrency mining This measure is part of a broader strategy to integrate the rapidly evolving digital currency sector into the nation's economic framework systematically...
Read more