Anatoly Aksakov Russia city Kazan Digital Anatoly Aksakov Russia city Kazan

Crypto Trading and Mining Regulations Must Come in Same Bill, Says Top Russian Politician

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The chief architect of Russia’s long-awaited crypto legislation has insisted that crypto trading regulations and new rules about the governance of the crypto mining sector must be addressed in the same bill.

And the news could be good for Russian crypto miners – with tax breaks on the cards.Per the Russian news outlet Finmarket, Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee, told attendees at the recent Kazan Digital Week 2022 forum:“The issue of legalizing crypto mining should be resolved simultaneously with the legalization of the circulation of cryptocurrencies, since distributed ledgers cannot exist without a mining system.”Aksakov further claimed that the Russian Ministry of Finance had worked hard to lay the groundwork for the legalization of crypto mining – still a fast-growing sector in Russia.A number of major energy producers have also lent their support to the proposals.

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