The legislative body of Russia, the **State Duma**, is currently reviewing a draft bill that pertains to the regulation of **cryptocurrency mining and its subsequent sale**. However, it is not anticipated that this bill will receive approval before the autumn season. The primary objective of this proposed legislation is to **decriminalize the mining of cryptocurrencies** and to permit the commercialization of the digital assets thus mined. At present, the use of cryptocurrencies as a medium of exchange for goods and services is not sanctioned within the Russian Federation. The bill delineates that digital currencies accrued via mining activities may be sold or otherwise disposed of, on the condition that such transactions do not utilize the Russian informational infrastructure. This legislative move is aimed at integrating cryptocurrency mining into the formal legal framework, thereby enhancing the efficacy of law enforcement agencies in managing digital currency-related activities. Furthermore, the bill provides a clear definition of what constitutes cryptocurrency mining and the operation of mining pools, while simultaneously imposing a ban on the advertisement of cryptocurrencies across the nation.
