Kirill Pronin, head of Russian Central Bank (CBR)’s Department of financial technologies, acknowledged the possibility of crypto mining legalization under certain conditions. A public acknowledgment like this makes a rare case, as the CBR continues to lead the battle against the efforts to legalize crypto in the country.
The executive expressed his views on mining at the Saint-Petersburg International Legal Forum on Wednesday, June 29. During the session, dedicated to cryptocurrencies, Pronin revealed, that CBR doesn’t take the same kind of hardline position on mining, as in the case with the general crypto legalization:
"Despite the fact that we are speaking up consistently for the prohibition of cryptocurrencies’ turnover [...] the discussion regarding mining’ legalization is possible."
However, Pronin named several conditions, which, according to him, make this discussion possible. He insisted that the mined assets should be sold strictly abroad and in exchange for fiat money:
...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...