The Russian State Duma is evaluating a bill concerning the mining and sale of cryptocurrency, although it is unlikely to be approved by the fall. This proposed legislation seeks to legalize crypto mining and permit the sale of mined digital currency. Presently, the use of cryptocurrency for transactions is prohibited in Russia. The bill outlines that digital currency obtained through mining can be traded, as long as Russian information infrastructure is not utilized for the transactions. This law aims to bring crypto mining into the legal framework and streamline law enforcement practices associated with digital currencies. Furthermore, the bill provides definitions for cryptocurrency mining and mining pools while banning crypto advertising in Russia.
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