Putin Signs Law Expanding Government Control Over Crypto Mining in Russia
- Russia’s new law enforces stricter control over crypto mining, allowing only registered entities to mine and imposing regional restrictions.
- The government now monitors cryptocurrency mining activities, aiming to prevent money laundering and terrorist financing through tighter regulations.
Today, the Russian government issued a new law signed by President Vladimir Putin, strengthening its authority over the crypto industry. This law imposes rigorous rules, especially in relation to mining crypto, which is now under closer government control.
Only registered Russian corporate enterprises or individual businessmen can engage in mining operations. Furthermore, mining pools—groups of miners cooperating—may be closed by…
