The State Duma rejected the bill on cryptocurrency mining in the Russian Federation

The State Duma in the first reading rejected the bill on cryptocurrency mining in the Russian Federation, proposed by deputies from the New People party.

Earlier, the State Duma Committee on the Financial Market opposed the initiative. According to his conclusion, the document provides for the use of digital assets as a means of payment in the Russian Federation, which contradicts the constitution.

The committee noted that the bill does not describe the mechanism of mining taxation, supervision of this type of activity and the requirements for the Data Center Operator. The authors were also criticized for the lack of a systematic approach to regulation.

Recall that the Government of the Russian Federation until December 19 instructed to prepare the proposals for the development of cryptocurrencies and digital ruble agreed with the Central Bank.

The roadmap should include the provisions governing mining and circulation of digital currency in the country, as well as its use in international calculations.

In November, the head of the State Duma Committee on the Financial Market Anatoly Aksakov proposed to legally https://gagarin.news/news/bitcoin-at-ms-return-to-japan/ ban the use of cryptocurrencies as a means of payment in Russia and hold accountable for calculations in them.

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