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On April 15th, the National Energy Administration (NEA) held a meeting on April 10th to advance the regional hydrogen energy pilot program. The meeting comprehensively reviewed the pilot programs progress, focused on key challenges and difficulties, and outlined key tasks for the next stage to accelerate the development of the future hydrogen energy industry. Song Hongkun, member of the NEAs Party Leadership Group and Deputy Director, attended the meeting and delivered a speech. The meeting emphasized the need to strengthen technological innovation, promote the transformation of advanced technological achievements and the demonstration application of the first (set) of equipment. It also stressed the importance of accelerating institutional reforms and boldly promoting innovation in mechanisms such as hydrogen energy trading and green certification. Furthermore, the meeting called for increased policy support and strengthened resource guarantees. It emphasized the need to enhance coordination and collaboration among pilot projects, adopt a holistic approach, solidify responsibilities among all parties, and consolidate development efforts. The goal is to leverage the solid achievements of the regional hydrogen energy pilot programs to provide strong support for ensuring national energy security, promoting the green and low-carbon transformation of energy, and accelerating the construction of a modern industrial system.On April 15, the State Council Taiwan Affairs Office held a regular press conference. In response to Lai Ching-tes recent remarks concerning the US, spokesperson Chen Binhua stated that faced with our powerful strength to safeguard national sovereignty and territorial integrity, no matter how much budget the Lai Ching-te administration allocates or how many weapons it purchases, it is overestimating its own capabilities and attempting to break a rock with an egg. It cannot change, and will even accelerate, the inevitable defeat of "Taiwan independence."On April 15th, the General Office of the State Council issued the "Opinions on Improving the Drug Price Formation Mechanism." This morning, the State Council Information Office held a policy briefing. Shi Zihai, Deputy Director of the National Healthcare Security Administration, stated that the healthcare security department will continue to emphasize the primary responsibility of enterprises for ensuring supply and quality. Enterprises experiencing supply or quality problems will have their winning bids disqualified and be included in a list of violators, with their bidding eligibility restricted for a period of time. We will also continue to cooperate with drug regulatory authorities to strengthen quality supervision of drugs selected through centralized procurement. We also welcome medical institutions and medical personnel to report adverse drug reactions through formal channels, ensuring safer and more reliable medication for the public.On April 15th, HarmonyOS announced that its spring new product launch event will be held on April 22nd, and pre-orders for its first MPV model, the Zhijie V9, will begin on the same day.Toyota and Isuzu have reached an agreement to jointly develop small fuel cell trucks.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.

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