Authorities want to force citizens to mine Bitcoins on Russian equipment

Authorities want to force citizens to mine Bitcoins on Russian equipment

Against the background of the tightening of sanctions policy against Russia in the State Duma and the government there have been more frequent calls to allow the use of digital currencies. Proponents of this initiative believe that companies and citizens can use Bitcoin and other virtual currencies to circumvent financial restrictions.

At the same time, officials and parliamentarians are thinking about the accelerated legalization of Mining.

The Ministry of Industry and Trade of the Russian Federation believes that Russian miners should use equipment made in Russia.

That is what should be bought if such goods are available on the market, says a letter prepared by Minister of Industry and Trade Denis Manturov.

The obligation to use Russian equipment should be spelled out in a corresponding law. Thus, the authorities will be able to neutralize threats to information security, as the Ministry assures.

The Ministry of Industry and Trade also stands for crypto-regulation in our country.

This department supports the concept of regulation of blockchain industry and digital currencies developed by the Ministry of Finance and submitted to the government for consideration.

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Written by Renat
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