Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

Russian Government Allows Regions to Raise Electricity Rates for Crypto MinersThe federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies […]

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Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

Russian Institutions Back Proposal to Let Companies Use CryptocurrenciesAn idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies, […]

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