EUR/USD 1.16488
0.207%
Gold 4207.26
0.037%
Oil 58.693
0.435%
USD/JPY 155.541
-0.207%
GBP/USD 1.32483
0.274%
GBP/JPY 206.070
0.083%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 3 – Airbus has lowered its aircraft delivery target for this year by 3.7% due to problems with its best-selling A320 model. The European manufacturer said in a filing on Wednesday that it expects to deliver 790 aircraft to customers this year, down from its previous target of 820. Airbus is maintaining its financial targets. This week, the company revealed quality issues with some fuselage panels on its A320 family of aircraft, stating that components on 628 jets were either too thick or too thin. Airbus is inspecting all affected aircraft, but it informed buyers that a “large portion” of the panels is expected to be compliant. These panels were supplied by Sofitec Aero, based in Seville, Spain. Of the approximately 6,000 A320 family aircraft affected by the software glitch, the vast majority underwent necessary repairs within days. Others have had to await upgrades.German Foreign Minister: Germany will purchase another $200 million worth of military equipment for Ukraine in two batches through the "Ukraine Priority List" (PURL) mechanism.December 3 - U.S. Treasury yields edged lower in afternoon Asian trading as investors adopted a cautious stance ahead of the release of ADP employment and ISM services data. "While services PMI data is almost ubiquitous, last months U.S. ISM survey will capture most of participants attention, especially after Mondays disappointing ISM manufacturing reading," said Michael Brown, an analyst at Pepperstone, in a report. According to Tradeweb, the two-year Treasury yield fell 1.6 basis points to 3.499%, while the 10-year Treasury yield fell 0.9 basis points to 4.078%.Estonian Foreign Minister: Neither Putin nor the United States can decide the fate of Europe.Estonian Foreign Minister: We do not know exactly how the negotiations between the United States and Moscow are progressing.

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.

Suggestion