Bitcoin Regulation in Russia | ForkLog

ForkLog 6 26.10.2024

Putin Enacts Law on Digital Currency Regulation in Russia

Russian President Vladimir Putin has signed a law regulating the circulation of digital currency within the country. The document will come into effect on November 1, 2024. Control over the registry of miners is being transferred from the Ministry of Digital Development to the FTS. The latter will have the authority to remove companies from […]

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ForkLog 7 22.10.2024

Russian Legislation Amends Cryptocurrency Mining Regulations

The Russian State Duma has passed amendments in the second and third readings to several legislative acts concerning the regulation of cryptocurrency mining, as reported by TASS. Notably, the law “On Electric Power Industry” now grants the government the authority to prohibit digital currency mining, including participation in mining pools, in specific regions or territories […]

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ForkLog 29 18.08.2024

Yandex Prohibits Cryptocurrency and Mining Advertisements

Yandex has updated its advertising policies, banning the promotion of digital assets, mining, blockchains, and cryptocurrency projects on its platform. Source: Yandex Help. According to Yandex’s rules, the following advertisements are prohibited: electronic currency exchanges, including those exclusively for cryptocurrencies; blockchains and smart contracts; mining and ICOs; earning from cryptocurrency, mining, or ICOs with details […]

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ForkLog 10 14.08.2024

Russian Finance Ministry and Central Bank at Odds Over Bitcoin Exchanges

The Russian Finance Ministry and the Central Bank are in discussions about establishing cryptocurrency exchanges in the country, yet consensus remains elusive. This was disclosed by Russian Finance Minister Anton Siluanov, as reported by TASS. “This topic is under discussion, as both the Central Bank and the government, represented by the Finance Ministry, are actively […]

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ForkLog 53 08.08.2024

Putin Approves Legalisation of Cryptocurrency Mining and Trading Under Experimental Legal Regimes

On August 8, Russian President Vladimir Putin signed a law permitting the legalisation of cryptocurrency mining in the country, as reported by TASS. The document will come into effect on August 18, with the provision for a miners’ registry starting on November 1. For more details on its contents, read the special ForkLog material. Additionally, […]

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ForkLog 11 01.08.2024

Russian Federation Council Committee Endorses Cryptocurrency Mining and Regulatory Sandbox Laws

The Federation Council Committee on Budget and Financial Markets has recommended that the upper house of parliament approve laws regulating cryptocurrency mining and permitting experimental legal regimes (ELR) in the financial market, according to TASS. The mining law proposes the creation of a registry for legal entities and individual entrepreneurs engaged in the sector. The […]

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ForkLog 10 30.07.2024

Russia Legalises Cryptocurrency Mining: Implications for the Industry

On July 30, the Russian State Duma passed a bill regulating cryptocurrency mining in the country during its second and third readings. The legislation will take effect on September 1. ForkLog discussed the new regulations and their impact on miners with industry experts. What Does the Bill Include? The bill defines terms such as “mining,” […]

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ForkLog 10 30.07.2024

Russia’s Central Bank Sets Date for Cryptocurrency Experiments

30 July 2024 | 17:17Update: On 30 July, the Russian State Duma passed a bill in its second and third readings establishing an experimental legal regime (ELR) that permits the use of cryptocurrencies in foreign trade. This was announced by Deputy Anton Gorelkin. From 1 September, the document grants the Bank of Russia the authority […]

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ForkLog 7 25.07.2024

Russia Reverses Ban on Cryptocurrency Circulation

On July 25, the Russian State Duma’s Financial Market Committee introduced amendments to the second reading of the mining bill, removing the ban on the organization of cryptocurrency circulation. This was announced by Deputy Anton Gorelkin. This provision had previously excluded the possibility of creating exchanges and exchangers outside the scope of experimental legal regimes […]

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ForkLog 10 24.07.2024

Russian State Duma Advances Cryptocurrency Mining and Experimental Regime Bills

On July 24, the Russian State Duma passed a bill in the first reading concerning the regulation of cryptocurrency mining. This was announced by Deputy Anton Gorelkin on his Telegram channel. The document establishes the legal status of industry participants. Among other provisions, it allows for the prohibition of mining in certain regions. According to […]

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ForkLog 5 23.07.2024

Russian State Duma Reviews Cryptocurrency Mining Legislation

On July 23, the Russian State Duma will conduct the first reading of a bill aimed at regulating cryptocurrency mining. This was reported by Vedomosti. Lawmakers have intensified efforts to legalize the sector following demands from President Vladimir Putin. He criticized the uncontrolled energy consumption by miners, which, according to him, has already led to […]

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ForkLog 4 15.07.2024

Russian Duma Committee Endorses Bill for Experimental Cryptocurrency Settlements

The Russian State Duma’s Committee on Financial Markets has approved for first reading a bill establishing experimental legal regimes (ELR), which would allow the Bank of Russia to create a platform for using cryptocurrencies in international settlements, reports Interfax. The document grants the Central Bank of Russia regulatory functions. The project is automatically exempt from […]

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