Cryptocurrency mining in Russia should be regulated for the benefit of business and the state. This was stated by the Minister of Housing Policy and Energy of the Angara Region Anatoly Nikitin, write local media.
According to him, uncontrolled mining creates risks of power outages, which negatively affects the stability and quality of energy services for all consumer groups.
“Cryptocurrency mining activities need to be regulated in such a way that it benefits both small businesses and the state. In particular, legal mining should provide full costs for generating and maintaining networks,” Nikitin said.
He positively assessed the chances of the Irkutsk region to become a key global player in the field of digital financial assets, since the region has “the potential to overcome the risks caused by the development of the crypto industry.”
Recall that the definition of mining and the basic mechanisms for its regulation are spelled out in the bill of the Ministry of Finance “On digital currency”.
In February, the Ministry of Economic Development proposed to allow the activity of miners in regions with a steady surplus of electricity generation and introduce acceptable tariffs for its use for companies. In turn, the Ministry of Energy advocated for regional mining quotas.
Earlier, Russian State Duma deputy Anton Gorelkin said that the Irkutsk region could become a pilot region for removing miners from the “gray zone”.
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Cryptocurrency mining in Russia should be regulated for the benefit of business and the state. This was stated by the Minister of Housing Policy and Energy of the Angara Region Anatoly Nikitin, write local media.
According to him, uncontrolled mining creates risks of power outages, which negatively affects the stability and quality of energy services for all consumer groups.
“Cryptocurrency mining activities need to be regulated in such a way that it benefits both small businesses and the state. In particular, legal mining should provide full costs for generating and maintaining networks,” Nikitin said.
He positively assessed the chances of the Irkutsk region to become a key global player in the field of digital financial assets, since the region has “the potential to overcome the risks caused by the development of the crypto industry.”
Recall that the definition of mining and the basic mechanisms for its regulation are spelled out in the bill of the Ministry of Finance “On digital currency”.
In February, the Ministry of Economic Development proposed to allow the activity of miners in regions with a steady surplus of electricity generation and introduce acceptable tariffs for its use for companies. In turn, the Ministry of Energy advocated for regional mining quotas.
Earlier, Russian State Duma deputy Anton Gorelkin said that the Irkutsk region could become a pilot region for removing miners from the “gray zone”.
Subscribe to the Cryplogger channel at YouTube.
Found a mistake in the text? Select it and press CTRL+ENTER
