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Cryptocurrency mining has been legalized in Russia

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Earlier it became known that the Central Bank of the Russian Federation planned to make the first international payment in cryptocurrency by the end of the year.

The State Duma adopted a bill on the legalization of cryptocurrency mining. This was reported by the Russian Telegram channel Astra on Tuesday, July 30.

A law on experimental cryptocurrency settlements was also adopted.

It is understood that foreign trades and exchange trading in cryptocurrency will be allowed from September 1 under experimental legal regimes.

We reported that the Central Bank of the Russian Federation plans to make the first international payment in cryptocurrency by the end of the year.

We remind you that the Russian Central Bank has increased the key rate from 16 to 18% per annum. The reason is significant inflationary pressure. Analysts are not ruling out a rate hike to 20% before the end of 2024.

It was previously reported that the Russian economy is on the verge of overheating. This was stated by the director of the monetary policy department of the Bank of Russia, Kirill Tremasov.

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Source: korrespondent

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