Russian Deputy Minister Of Energy wants to legalize crypto mining as soon as possible. Also, the deputy minister wants the allotment and quotas of crypto miners to be arranged by the regional officials and not by federal counterparts.
Seemingly Russia is in some kind of confusion regarding digital currencies. As previously it has proposed a blanket ban on crypto mining and cryptocurrencies.
But then Russian authorities were working on a draft crypto bill. And then as per nftstudio24com report.
Russia’s own financial authority, the central bank of Russia, and the finance ministry were quarreling over embracing cryptocurrencies. On which the Russian finance minister prudently reacted.
And now, after the military operation of Russia in Ukraine. The Russian authorities are trying their best to generate and increase revenue for maintaining Russia’s economy.
And Now, On Saturday, while talking at the first national conference of legal crypto miners in Irkutsk. The Russian Deputy Minister of Energy, Evgeny Grabchak, proposed to remove the vacuum around crypto mining in Russia. The energy minister also intends to introduce a transparent regulatory framework for crypto mining in Russia.
Moreover, he highlighted that the regional authorities should arrange the sites for the crypto mining and possible energy quotas at the regional level for the miners.
And not at the federal level, and all need to be regulated at regional level development plans.
Words By Russian Deputy Minister Of Energy Evgeny Grabchak:
“The legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be [eliminated] as soon as possible. If we want somehow to get along with this activity, and we have no other options in the current reality, we must introduce legal regulation, adding the concept of mining to the regulatory framework.”
Conclusion:
Russian deputy minister of energy wants to legalize crypto mining as soon as possible. And the deputy minister of energy also wants to regulate crypto mining in a regulatory framework.
And all plans should proceed under regional development plans at the regional level.
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