Russia Plans to Mine Crypto for Cross-Border Deals

22 Apr 2023

CoinDesk reports that the Central Bank of Russia is working on a bill that will introduce an “experimental legal regime” for cryptocurrencies to be used exclusively in export-import deals, the head of the regulatory agency, Elvira Naiullina, said last Monday. 

The country’s government is also working on a bill that will create a national agency to license and supervise cryptocurrency platforms operating in Russia, wrote local newspaper Vedomosti on Tuesday, citing Sergei Altukhov, a member of Russian parliament’s economic policies committee. Altukhov added that a new tax code will be introduced for miners as a part of the regulation.