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On March 15, in response to the illegal activities involving market supervision, such as "bleached chicken feet" and "height-increasing marketing tactics" exposed by CCTVs "3.15" Gala, the State Administration for Market Regulation quickly activated its emergency response mechanism and deployed enforcement actions. The results of the investigations will be released to the public in a timely manner.U.S. Interior Secretary Bergham: At an energy security forum in Tokyo, Asia-Pacific allies agreed to $56 billion in deals with U.S. companies. Japan wants to buy more oil from the U.S.On March 15th, according to the Chongqing Municipal Administration for Market Regulation, a Chongqing company was exposed by CCTVs "3.15" Gala for illegally using hydrogen peroxide in the production and processing of chicken feet. After the State Administration for Market Regulations working group transferred the case to the Chongqing Municipal Administration for Market Regulation, enforcement personnel from the municipal and district-level market regulation bureaus have been stationed at the company to conduct a thorough investigation. Currently, an investigation has been launched into the companys suspected illegal activities, the products involved have been seized, and the company has been urged to voluntarily recall the affected products. The Chongqing Municipal Administration for Market Regulation will work with relevant departments to investigate and punish the companys illegal activities according to law, and will also draw lessons from this case to carry out comprehensive governance of prominent food safety issues throughout the city, focusing on rectifying problems such as the use of food additives beyond the permitted scope and limits, further strengthening enterprises primary responsibility for food safety, standardizing the production and operation behavior of employees, and effectively safeguarding the publics "safety on the tip of their tongues."March 15th - At 21:22 Beijing time on March 15, 2026, my country successfully launched the Yaogan-50 02 satellite into its predetermined orbit using a Long March-6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success. This satellite will primarily be used for national land surveys, crop yield estimation, and disaster prevention and mitigation. This mission marked the 633rd flight of the Long March series of carrier rockets.Local authorities say the fire at an oil facility in Russia’s Krasnodar Krai has been extinguished.

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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