Russia agrees on draft crypto mining law in energyrich regions

Russian authorities have resorted to working on regulatory clarity that will affect the country’s crypto mining space, spelling out conditions operators must adhere to. According to the country’s Deputy Finance Minister Alexei Moiseev, if the law which is set to be presented before the State Duma is adopted, it will come into effect during the autumn session. Bank of Russia, alongside the Ministry of Finance, are collaborating on drafting a law that will guide crypto mining with the main focus on areas where the activity should be allowed, Russian outlet RBC reported on September 29.