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On August 20th, according to US sources on the 19th, the US Department of Defense updated its casualty statistics, showing that since the US military action against Iran on February 28th, 18 US soldiers have been killed and 757 wounded. The report stated that four dead and dozens of wounded personnel had disappeared from the statistics in the US Defense Casualty Analysis System before reappearing, drawing criticism from the media and lawmakers. The US Department of Defense responded on social media, stating that this was due to a "temporary data interruption." Furthermore, regarding the Pentagons slow disclosure of wounded personnel information throughout the Iran conflict, the official explanation was "security needs."On August 20, Iranian Ambassador to Russia, Qazim Jalali, stated in an interview that Iran appreciates Russias offer to assist in dialogue between Iran and the Gulf states and is prepared to cooperate with Russia in this regard. Jalali said in the interview, "We highly value the role and efforts Russia has made in improving relations between Iran and its neighbors, and view this matter positively… We welcome any role our Russian friends may play in improving relations between Iran and its neighbors, and we are ready to cooperate in this regard." Jalali added that Iran considers Russia a true friend during difficult times, and Iran has no doubt about Russias goodwill.On August 20, Colombian President Eduardo de la Espley announced that 15 affected provinces, including Cauca Valley, Risaralda, and Caldas, would enter a 30-day state of economic, social, and ecological emergency in response to the earthquake disaster. De la Espley convened a cabinet meeting in Bogotá and signed the relevant decree. He stated that Colombia is facing its "most complex" fiscal situation in history, necessitating "extraordinary measures." The declaration of the state of emergency aims to promote the reconstruction of damaged housing and the restoration of business activities and public infrastructure such as schools and hospitals. De la Espley said the government will cut spending on some "non-priority" projects from the previous government to address current national needs.On August 20, local time, Kyiv Mayor Viktor Klitschko reported that a Russian attack had resulted in eight deaths. Mayor Klitschko stated that between late night on August 19 and early morning on August 20, Russian ballistic missiles struck Kyiv, causing casualties and power outages in some areas.Israeli Defense Minister Katz: Israel "will never allow any entity to threaten its national security."

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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