During a roundtable discussion on the legalization and regulation of the crypto mining industry, Alexey Yakovlev, deputy director of the Financial Policy Department of the Russian Ministry of Finance, said that it would be pointless to try to ban crypto mining at home because it would be difficult to enforce such a ban.
In addition, Alexey Yakovlev revealed that the Russian Ministry of Finance is studying new regulatory provisions aimed at bringing crypto-related activities into law and ensuring that activities in related fields are economically viable while minimizing potential risks, including reducing money laundering and terrorism The threat of financing and guaranteeing Russia’s energy security, etc.
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