Putin signs law to legalize crypto mining in Russia

MOSCOW, Aug. 8 (Xinhua) -- Russian President Vladimir Putin signed a law on Thursday, officially legalizing cryptocurrency mining in the country from November 2024, according to a document published on the government portal of legal information.

Under the new law, legal entities and individual entrepreneurs that are registered with the Russian Ministry of Digital Development will be allowed to engage in cryptocurrency mining. Unregistered individuals can also engage in mining only if their energy consumption doesn't exceed limits set by the Russian government.