It was big news recently when Russia contemplated a ban on cryptocurrency activities in the country. Now President Vladimir Putin is reportedly backing pla
Highlights
- Putin is reportedly backing plans for regulating crypto mining in Russia.
- Putin countered calls by the central bank for a blanket ban on cryptocurrencies.
- Putin suggested that they “tax and regulate” cryptocurrency mining rather than banning the practice.
- Three people familiar with the situation were of the opinion that crypto-related activities will get approved.
- Russia ranks only third on the list of crypto mining countries based on hash rate distribution.
- On the other hand, the US and Kazakhstan are ranked first and second.
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