Bitcoin mining finds fresh support from Russian Finance Ministry

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The Russian finance ministry is certainly up for industrial level crypto mining, however, legislators are not so sure about allowing individual citizens to mine.

As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin mining.

There’s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Primeon Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the “Mining regulation in Russia: For and against.” But there’s still some disagreement regarding retail miners, Yakovlev said. He added that the Finance Ministry is not inclined to prohibit such mining, stating:

 

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The main thing is that mining is present, and who is allowed, who is not not so important!

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