Russian President Vladimir Putin has recently signed a new law aimed at regulating cryptocurrency mining in the country. The law, which was approved by the Russian parliament earlier this year, will require cryptocurrency miners to obtain a license from the government in order to operate legally.
The new law is seen as a way to bring more oversight and control to the rapidly growing cryptocurrency mining industry in Russia. By requiring miners to obtain a license, the government hopes to prevent illegal mining activities and ensure that miners are operating in compliance with the law.
In addition to the licensing requirement, the new law also establishes certain guidelines for cryptocurrency mining in Russia. For example, miners will be required to report their activities to the government and adhere to certain environmental regulations.
Overall, the new law is a significant step towards regulating the cryptocurrency mining industry in Russia. It is expected to bring more transparency and accountability to the sector, while also protecting the interests of both miners and the government.