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Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils

November 2, 2022 Bitcoin.com

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Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.” Parliament Prepares to Legalize the Mining of Cryptocurrencies in […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

October 29, 2022 Bitcoin.com

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A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft

October 24, 2022 Bitcoin.com

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The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border transactions with digital assets, is expected in the legislature in […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

October 13, 2022 Bitcoin.com

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Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies

October 2, 2022 Bitcoin.com

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Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

October 1, 2022 Bitcoin.com

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New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector. Lawmakers in Kazakhstan Submit Crypto Mining Law, Seek to Curb ‘Gray’ Mining […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill

September 30, 2022 Bitcoin.com

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The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto miners and the income that mining taxes […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power

September 29, 2022 Bitcoin.com

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Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Russia Starts Developing Mechanism for International Crypto Payments

September 25, 2022 Bitcoin.com

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Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments. Regulators in Russia Move Toward Legalizing Use of Cryptocurrency in Foreign Trade Russian authorities […]

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Bitcoin Struggles Below $97K as Trading Volume Declines

Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

September 24, 2022 Bitcoin.com

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The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to […]

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Bitcoin Struggles Below $97K as Trading Volume Declines