Anton Gorelkin, deputy chairman of the State Duma’s Information Technology Committee, told the Parliamentary Gazette that, even after a year of discussions, the bill on cryptocurrency mining is not ready for a first reading.
Gorelkin said that the relevant bill is necessary for the Russian mining industry – the scale of cryptocurrency mining in the country is constantly growing, but the lack of a regulatory framework is holding back the development of the industry. There are inter-agency tensions and our major actors have not yet reached a consensus. It’s already formed. Yet is actually in a gray area,” the lawmaker said.
According to Gorelkin, one of the obstacles to the bill is the position of the Central Bank of Russia, which fears that cryptocurrencies could replace the ruble in settlements.
“The state, for example, has cheap electricity. There’s even an overabundance of it