Russia Moves to Integrate Crypto Mining and Trading into Economy

Russia's Parliament is set to debate a new crypto mining bill that mandates miners to register and disclose their activities, aiming to eliminate legal loopholes and tighten control over the sector. The bill, which will be voted on July 25th, restricts mining to registered Russian entities and individuals, outlaws crypto circulation and advertisements, and grants the Ministry of Digital Development oversight authority. This move comes amid Western sanctions, with the state seeking to leverage decentralized financial systems to mitigate economic impacts.