Putin signed a law legalizing cryptocurrency mining in Russia

Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia, TASS reported. Only registered Russian legal entities and individual entrepreneurs will have the right to mine. Individuals who have not exceeded the energy consumption limits set by the Russian government will have the right to mine digital currencies without registration. According to the document, foreign digital financial assets can be traded on Russian blockchain platforms, and the Central Bank of Russia will have the right to prohibit individual offerings if it finds that they pose a threat to Russia's financial stability. Earlier, Putin discussed the introduction and use of digital currencies with the government at a conference on economic issues. He noted that it is a promising area of the economy.