Putin Says Russia Has a ‘Competitive Advantage’ – Wants to ‘Tax and Regulate,’ Not Ban It

The President supports the proposal to restrict mining to regions with a surplus of electricity, such as Irkutsk, Krasnoyarsk, and Karelia.

The President’s comments came in line considering the fact that Russia ranks only third on the list of crypto mining countries based on hash rate distribution.

The president’s backing, combined with his public comments this week, means that the proposals are likely to be approved

Putin urged his country’s central bank to function in tandem with his government on the way ahead for permitting crypto-related activities.