Vladimir Putin Officially Legalizes Crypto Mining In Russia

President Vladimir Putin just signed a law to legalize cryptocurrency mining in Russia. The law introduces several new concepts like mining pools, mining infrastructure operators, address identifiers, and the roles of those organizing mining activities. Instead of seeing mining as creating cryptocurrency, the law now sees it as part of the turnover. The new law also touches on foreign digital financial assets. These can now be traded on Russian blockchain platforms. The Bank of Russia will have the power to ban any individual issues if they are a threat to the country’s financial stability.

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