#Russian President Vladimir #Putin signed a new bill on cryptocurrency regulation.

According to TASS, as of November 1, 2024, individuals will enter into new regulations, giving Russian devices the authority to ban private cryptocurrency mining. At the same time, it is known that the right to decide on the procedure and with what procedure such restrictions will be implemented. The government will also be able to regulate the activities of operators providing infrastructure for financing.

On the other hand, it expands the scope of those who have access to cryptocurrency address information. This information was accessible only to the Federal Financial Monitoring Service (Rosfinmonitoring). With the new regulation, all federal state institutions that conduct special investigation, preliminary investigation and comprehensive investigation activities will be able to access this information.

With the differences in the last, the authority to control the registration of miners by operators providing services was given to the Federal Tax Service. Before further registration, the Ministry of Digital Development was involved.

The ordinary ones will be able to mine without registration if they comply with the specified electricity consumption. Individual entrepreneurs and individuals must register in order to be able to mine. The Federal Tax Service will have the authority to remove companies from the register of miners in case of repeated violations within a year. Operators in this situation will not have the right to mine for entities that are not included in the register or have been removed from the register.

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