EUR/USD 1.18208
0.563%
Gold 4981.50
0.923%
Oil 61.059
2.474%
USD/JPY 155.813
-1.645%
GBP/USD 1.36362
0.994%
GBP/JPY 212.474
-0.652%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 24th, Fujian Provincial Automobile Transportation Group Co., Ltd. and CATL officially signed a strategic cooperation framework agreement in Ningde, Fujian. The two parties will engage in in-depth cooperation in key areas such as vehicle aftermarket services, city-level battery swapping network construction, and vehicle-to-grid (V2G) interaction technology. In the future, they will jointly build a sustainable industrial ecosystem, continuously promote the deep integration of new energy technologies and urban public transportation systems, contribute innovative power to optimizing urban energy structure and achieving "dual-carbon" goals, and lead the green transformation of public transportation.On January 24th, according to foreign media reports, U.S. Treasury Secretary Bessant, in an interview with conservative podcast host Posobetz, stated, "Alberta is a natural partner of the United States. They have excellent resources, and Albertans are very independent. There are rumors that they might hold a referendum on whether to remain in Canada." Bessant also stated that the Canadian federal government is limiting Albertas development potential, citing Ottawas opposition to building an oil pipeline from Alberta to the Pacific coast of British Columbia, hindering the export of local energy resources. Bessant further pointed out that in the current context, Alberta is a "natural partner" of the United States, possessing abundant resources and a highly independent social atmosphere.Market news: Syrian authorities and the Syrian Democratic Forces have reached an agreement to extend the ceasefire in the Hasakah region for up to another month.January 24th - According to the Yunnan Branch of the Peoples Bank of China, Yunnan Provinces total cross-border RMB receipts and payments reached 100.179 billion yuan in 2025, a year-on-year increase of 13%. Regional cooperation has become an important driving force for the cross-border use of RMB. In 2025, the scale of cross-border RMB receipts and payments between Yunnan Province and countries participating in the Belt and Road Initiative accounted for 80% of the provinces total, with settlements with Myanmar, Laos, and Thailand increasing by 8%, 14%, and 42%, respectively.Market news: Negotiation teams in Abu Dhabi are studying and discussing several documents concerning peace in Ukraine.

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