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<ul class="news-points"> 
 <li>Russian officials consider treating mined cryptocurrencies as exportable products like gas.</li> 
 <li>The Central Bank emphasizes that the proposed legislation aims to regulate the crypto industry.</li> 
 <li>Regulations for cryptocurrency mining are expected to be in force by 2024.</li> 
</ul> 
Russian officials are exploring the idea of treating mined cryptocurrencies as exportable goods, similar to the country’s approach with natural gas, Russian media RBC <a href="https://www.rbc.ru/finances/12/12/2023/65783e069a79476ca3869851" target="_blank" rel="nofollow">reported</a>. The Deputy Minister of Finance, Ivan Chebeskov, revealed the proposal, explaining that they have developed a concept allowing miners to sell the digital assets they mine as an export product. 
During a round table on “Cryptocurrency and the future of digital finance,” Chebeskov mentioned, “There is an option and a bill – to use the export of cryptocurrency as a product of mining activity.” Similar to the special legislation for exporting gas, the Ministry of Finance, according to Chebeskov, “developed a concept, a project, so that a miner could export the product of what he mined.” 
The Central Bank emphasizes that the proposed legislation aims to regulate the industry. It was clarified that the sale and use of cryptoc…
The post <a href="https://coinedition.com/russias-bid-to-legalize-exporting-mined-cryptocurrency-like-gas/">Russia’s Bid to Legalize Exporting Mined Cryptocurrency Like Gas</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Russia’s Bid to Legalize Exporting Mined Cryptocurrency Like Gas

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