Mining of cryptocurrency in Russia should be conducted within the framework of the law. Tokens and Initial Coin Offerings (ICO) can also be allowed on the territory of the country. This was reported by the first deputy chairman of the Central Bank of Russia, Olga Skorobogatova.
“We believe that mining is an activity that should be conducted within the framework of clear, legitimate rules. Mining in the territory of Russia will be legalized. All these details will be disclosed in corporate documents, “she noted. At the same time Skorobogatova stressed that the Central Bank has not yet discussed the issue of how the miners will be able to exchange the extracted cryptocurrency.
“Since the cryptocurrency is both means of exchange and means of investment, as investors directly perceive it, it carries huge risks at the level of macroeconomics, population and business, we take a balanced position and believe that at the moment it would be very risky to resolve its exchange and promote its promotion on the territory of Russia, “she said.