MPs Set to Vote on Mining Bill That Would Let Russians Pay Cross-border with Crypto
Source: FedotovAnatoly/Adobe A top Russian politician has said that a crypto mining regulation bill has been submitted to parliament – and that the bill would also allow Russians to use crypto “as a means of payment” outside the country. Moscow has previously banned the use of crypto pay domestically. In an interview with Radio Sputnik, Anatoly Aksakov, the Chairman of the State Duma’s committee on the financial markets, stated: “We have introduced a bill that allows [people] to engage in legalized mining . That is, the issuance and circulation of cryptocurrencies. But [under the terms of the bill,] cryptocurrencies can only be used as a means of payment outside Russia – in foreign jurisdictions.” Aksakov, who has acted as Moscow’s chief architect of Russian crypto legislation – both past and proposed – added that the bill would be “a step” in a “new direction” for “the developm...