{"id":133946,"date":"2024-07-24T15:56:33","date_gmt":"2024-07-24T12:56:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133946"},"modified":"2024-07-24T15:56:33","modified_gmt":"2024-07-24T12:56:33","slug":"breaking-russia-legalizes-cryptocurrency-for-international-trade","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/breaking-russia-legalizes-cryptocurrency-for-international-trade\/","title":{"rendered":"BREAKING: Russia Legalizes Cryptocurrency for International Trade"},"content":{"rendered":"<p><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">This move aims to strengthen trade relations and navigate around Western sanctions.<\/span><\/p>\n<p>Additionally, cryptocurrency mining has also been legalized, waiting for secondary readings. This law is expected to live from September 1st, 2024:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Mining?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Mining<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#crypto<\/a> just been legalized in <a href=\"https:\/\/twitter.com\/hashtag\/Russia?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Russia<\/a>. Waiting for the secondary readings (with our comments, etc) and it will go live. Likely from September 1st, 2024 \ud83d\udd25\ud83d\udd25\ud83d\udd25 <a href=\"https:\/\/t.co\/GVJrPBhbxH\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/GVJrPBhbxH<\/a><\/p>\n<p>\u2014 Anti Danilevski (@AntiDanilevski) <a href=\"https:\/\/twitter.com\/AntiDanilevski\/status\/1816085029757292842?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The law is now set to be ratified by the upper parliamentary house. It will then be signed into law by the President\u2019s office.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/here-is-how-trumps-presidency-could-affect-the-crypto-industry\/\" title=\"Here is How Trump&#8217;s Presidency Could Affect the Crypto Industry\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-sp-500-bitcoin-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here is How Trump&#8217;s Presidency Could Affect the Crypto Industry<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>After the law is implemented, miners will need to report information about suspicious-looking crypto transactions to Rosfinmonitoring, the nation\u2019s anti-money laundering agency.<\/p>\n<p>Russian news outlet Vedomosti also quoted one of the bill\u2019s authors, the lawmaker Anton Gorelkin, as saying the draft law will be \u201cfully adopted before the end of the Duma\u2019s spring session.\u201d The Duma\u2019s current session wraps up on August 5.<\/p>\n<p>Vladimir Putin recently pointed out that the uncontrolled increase in electricity consumption for Bitcoin mining could lead to electricity shortages in some regions, leaving new businesses, residential areas, and social facilities without supply. He also mentioned that this could delay promising investment and infrastructure projects.<\/p>\n<p>Despite his remarks, it appears that the Russian State Duma has accepted that cryptocurrency should be regulated properly, rather than banning them outright.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia&#8217;s parliament has passed a bill allowing companies to use cryptocurrency for international trade.<\/p>\n","protected":false},"author":3,"featured_media":35062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-133946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BREAKING: Russia Legalizes 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