Evgeniy Grabchak, Russian Deputy Minister of Energy previously called for introduction of regional quotas of cryptocurrency mining farms instead of relating it at the federal level.
Russian Deputy Minister of Energy has been looking to regularize cryptocurrency mining and felt that it should be looked at as a commercial activity.
All of these rules are meant to ensure that providing electricity for mining does not affect the power supply required for domestic and other industrial requirements in the area.
The draft law states that, “The digital currency can be accepted as a means of payment, which need not be a monetary unit of Russian Federation.
Entities who are given permission to offer mining, exchange or platform services should stay compliant with Russian regulations.