Home » New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament – Mining Bitcoin News

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

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A bill designed to regulate digital coin mining in Russia also legalizes the use of cryptocurrencies in international payments. It has been submitted to the Russian parliament after the rejection of an earlier bill intended to also allow domestic cryptocurrency payments.

Draft Bill on Cryptomining Allows Russian Residents and Businesses to Pay in Crypto Abroad

Russian parliamentarians consider new bill on legalizing cryptocurrency mining. growth over the past few years. Anatoly Aksakov, chairman of the parliamentary financial market committee, announced the submission of the bill on Sputnik Radio, noting that the document authorizes the use of cryptocurrencies as a means of payment abroad.

“We have submitted a bill to legalize mining, which is the issuance and circulation of cryptocurrencies. is also quoted.Experimental mode also allows payments to be made using digital assets Parallel import goodsvice added and emphasized:

This is a step in a new direction in the development of our country’s financial markets.

sanction pressure Increased has support However, most Moscow government agencies are still opposed to the legalization of payments such as Bitcoin within the Russian Federation. Another mining bill put forward by the liberal New People faction was denied Because it provided the legalization of crypto payments in the country.

The latest bill was unveiled last week by Anton Gorelkin, deputy chairman of the Duma’s information policy committee and a member of the ruling Conservative United Russia Party. At the time, he said it was a more elaborate document that reflected the views of the Bank of Russia and the Ministry of Finance.

Gorelkin added that the “Federal Law on Mining of the Russian Federation” does not threaten the status of the Russian ruble as the sole legal tender but lays the groundwork for the development of Russia’s own cryptographic infrastructure. . After months of deliberations, Russian parliamentarians will consider a bill “on digital currencies” designed to regulate the Russian crypto market more comprehensively than the current “on digital financial assets” law. is also expected.

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Specification, Crypto, crypto miner, crypto mining, crypto payment, Cryptocurrency, Cryptocurrency, bill, international settlement, law, member of parliament, legislation, Legislative proposal, House of Commons, miner, mining, mining bill, parliament, Russia, Russia, sanctions, House of Commons

Do you think Russia will start using cryptocurrencies in foreign trade after the new cryptocurrency mining law is adopted? Share your expectations in the comments section below.

Lubomir Tasev

Lubomir Tasev, a tech-savvy journalist from Eastern Europe, loves what Hitchens says. In addition to cryptocurrencies, blockchain, and fintech, international politics and economics are sources of inspiration.

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