The Russian finance ministry is certainly up for industrial level crypto mining, however, legislators are not so sure about allowing individual citizens to mine.
As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin mining.
There’s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Primeon Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the “Mining regulation in Russia: For and against.” But there’s still some disagreement regarding retail miners, Yakovlev said. He added that the Finance Ministry is not inclined to prohibit such mining, stating:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Heavy Losses’: Russian Units Forced Back To Russia And Belarus To ‘Reorganize And Resupply,’ U.K. Defense Ministry SaysI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
Read more »
US reissues travel advisories for Ukraine and Russia, warns Americans may be singled out by Russian officialsRussian forces struck the office of the regional military governor of Ukraine's southwestern Mykolaiv region on Tuesday, demolishing half of the building, according to local authorities. Follow here for live news updates.
Read more »
Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining – Bitcoin NewsThe legal vacuum in the crypto mining sector must be filled “as soon as possible,”n says Russian Deputy Minister of Energy Evgeniy Grabchak.
Read more »
Canadian Oil Company to Allocate its Untapped Energy in Mining Bitcoin (Report)Bengal Energy plans to mine bitcoin utilizing energy released from 'stranded' gas wells.
Read more »
Pentagon says Russian troops withdrawing from Chernobyl nuclear siteRussian Foreign Ministry Spokeswoman Maria Zakharova claims Moscow was protecting the nuclear plant.
Read more »
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency – Mining Bitcoin NewsPolice in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies
Read more »