Does Russia allow Bitcoin mining? Russia is the world’s third-biggest bitcoin mining hub, according to Cambridge University data.
Is cryptocurrency legal in Russia? Russia has plans to issue its own digital rouble, but the government has only recently come round to supporting the use of private cryptocurrencies, having argued for years that they could be used in money laundering or to finance terrorism.
Is crypto ban in Russia? On July 16, Russian President Vladimir Putin penned a new law, effectively banning the use of digital assets as payment for goods and services in the country. As per the law, cryptocurrencies and NFTs are no longer accepted as legal payment methods in Russia.
When Russia will ban crypto? Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto. Russia President Vladimir Putin has signed a law banning digital payments across the nation, according to a policy amendment on Thursday. The law was approved by the Russian Assembly, known as the Duma, on July 8.