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Russia has implemented new regulations governing cryptocurrency mining, requiring miners to register and prohibiting foreign entities from engaging in mining activities. The legislation, which was signed by President Vladimir Putin, aims to impose stricter controls over the crypto sector, allowing the government to manage power distribution in key regions. Although the new rules introduce a framework for the industry, experts suggest that the mining sector is not fully legalized, as the specific tax rates for mined amounts remain unclear. This move is part of Russia's broader strategy to enhance government oversight of digital assets while advancing initiatives like the digital ruble to mitigate the impact of international sanctions.
