Russia, which wants to mitigate the damages of the economic sanctions imposed on it after the invasion of Ukraine, cryptocurrencies continues with his moves.
Is Russia Turning To Cryptocurrencies?
last week Pavel Zavalny, Chairman of the Russian State Duma Energy Committeein the country’s energy exports. Bitcoin (BTC) He said they were considering accepting.
Finally, after Pavel Zavalny Evgeny Grabchak, Deputy Minister of Energy of Russia According to the local news source TASS, in the country in cryptocurrency mining He stated that the legal gap needs to be filled.
Grabchak, to mitigate the effects of the rather harsh sanctions imposed with the invasion of Ukraine, which is rich in energy. Bitcoin mining called for its legalization as soon as possible.
“The legal vacuum in bitcoin mining makes it difficult to regulate this area and set clear rules of the game.
This legal loophole needs to be eliminated as soon as possible. If we want to somehow tackle this activity and we have no other choice in the current reality, we must introduce legislation. We need to add the concept of mining to the regulatory framework.”
Grabhack, bitcoin He pointed out that it would be more efficient to regulate mining at the state and regional level rather than at the federal level.
Sanctions on Russia and Cryptocurrencies!
To avoid the recent economic sanctions of Russia crypto coins There has been a lot of speculation as to whether he will use it or not.
Although some prominent names in the crypto industry say that it is very difficult or even impossible for Russia to evade sanctions using cryptocurrencies, the national currency in rubles Due to the decline in value, Russian citizens continue to turn to cryptocurrencies to protect their assets.