Russian Deputy Minister of Energy Evgeny Grabchak suggested eliminating the legal void around crypto mining in the country and introducing clear regulations. This statement continues the recent streak of support for the crypto industry among the country’s officials.
Speaking at the first national conference of legal crypto miners in Irkutsk, Grabchak called for introducing a regulatory framework for the sector as soon as possible
The deputy minister also recommended that it would be more practical to let the regional authorities set the sites for mining and the possible energy quotas. Grabchak speech puts mining in Russia in the state’s strategic perspective. He also shared his disbelief in the market’s ability to regulate the quantity and allocation of mining operators. Vice-Premier Aleksandr Novak had also stated that “it would be reasonable” to legalize mining.
These statements continue the series of voiced support for the crypto industry after the sudden attack by the Central Bank of Russia which called for an outright ban on mining and trading back in January.
