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A draft law on cryptocurrency mining was introduced to the State Duma

A group of 16 deputies submitted to the State Duma a draft law on the legalization and regulation of cryptocurrency mining. The document was published on the website of the lower house of parliament.

Deputies propose from January 2023 to allow the sale of mined cryptocurrency through foreign systems without complying with the law on currency regulation or through a special platform that will be created in Russia. In both cases, transactions will need to be notified to the tax authorities, Anatoly Aksakov, head of the financial market committee and co-author of the bill, explained to RIA Novosti. .

Despite the legalization of mining, the bill included a ban on advertising (or offering in one form or another) cryptocurrencies. The director of the Indefibank blockchain project told the BBC Russian Service that this item could in fact lead to a ban on the circulation of cryptocurrencies, including exchangers and crypto exchanges.

In January, the Central Bank proposed a complete ban on financial transactions with cryptocurrencies on the Russian market, however, after the start of the war in Ukraine and tightened sanctions, he changed his rhetoric and, together with the Ministry of Digital Development, began to consider the possibility of legalizing international payments in cryptocurrencies.

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