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Russian Ministry of Energy Pushes for Legalization of Industrial Crypto Mining

June 20 (Cointime) - Russia's Ministry of Energy is advocating for the legalization of industrial cryptocurrency mining and is urging lawmakers to pass a mining-related bill. The ministry supports the legalization of mining and expects taxation to be introduced for miners.

The ministry also plans to propose restrictions on the generating capacities available to miners. The ministry proposes creating a special crypto mining rate separate from both industrial and residential rates to address the issue of energy firms being unable to charge miners at industrial rates.

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