Russia’s Ministry of Finance submits revised draft law “On Digital Currency.”
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions
The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session.Russia’s Ministry of Finance has amended a bill intended to implement comprehensive rules for the Russian cryptocurrency sector.
According to a recent statement by Anatoly Aksakov, chair of the Financial Market Committee at the lower house of Russian parliament, the new law is likely to be adopted during the State Duma’s spring session, along with amendments to the Russian Tax Code pertaining to cryptocurrency operations. Certain provisions in the bill have been clarified, the Finance Ministry said, including those related to the regulation of crypto mining. While the use of bitcoin in payments has been met with