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Russia Considering New Bill on Crypto Mining

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Wed, 09/19/2018 - 11:08
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Yuri Molchan
In the new annexes to the law regulates the Russian crypto industry, there is still no definition of digital currencies. However, mining is called emittance of tokens
Russia Considering New Bill on Crypto Mining
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In the new annexes to the law that regulates the Russian crypto industry, there is still no definition of digital currencies. However, mining is called emittance of tokens for making investment profits.

The new additions do not even mention the numerous nuances. For example, nothing is said about crypto trading transactions. However, Russian lawmakers insist that tokens that plan to be issued must be backed with property or commodities.

The document also mentions details of working with non-qualified investors. Anyway, more additions and adjustments are expected later on.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.