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Author Topic: Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments  (Read 244 times)

Offline sirty143

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Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments

Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on what can be done with cryptocurrency... See more for yourself here.

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Offline joniboini

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So basically this "news" is just talking about Russia's preparation to draft a new law regarding what miners can do with their coins The sentiment doesn't change at all as far as my reading goes, maybe it is important to miners but do they have a choice to begin with if they mine from Russia? What do they do with their mined coins right now? Sounds like the government will prohibit them from using it inside the country, but won't ban or punish them if they use it for external/overseas payments. Will that change the mining industry in Russia, or will it just make the status quo legally acknowledged by the government?

 

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