Putin is in favor of regulating crypto mining in Russia: Report

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Putin is in favor of regulating crypto mining in Russia: Report
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Putin is veering away from the central bank’s anti-crypto stance with calls for regulated cryptocurrency mining in the country.

Russia’s President Vladimir Putin is reportedly backing plans for regulating crypto mining in the country, BloombergAccording to unnamed sources familiar with the matter, President Putin’s plan

will see crypto mining restricted to regions in the country with excess electricity supply. The plan will also involve levying taxes on approved cryptocurrency mining establishments in the country.

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