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Russia wants to legally force miners to use Russian equipment

Russia wants to legally force miners to use Russian equipment

At the same time, there are no production facilities in Russia that could create dedicated equipment for mining since everything is produced in Taiwan and South Korea.

According to RBC, the Ministry of Industry and Trade proposed a legislative initiative to prioritize the use of Russian equipment for mining cryptocurrency in Russia if it is available and accessible in the market.

"We propose to impose a legal requirement for the preferential use of Russian hardware and software complexes, radio-electronic products, and software if they are available and accessible in the market for the industrial production of cryptocurrency assets in Russia," reported the ministry.

The authorities explained that it is necessary to neutralize information security risks.

The Ministry of Industry and Trade, Ministry of Construction, Housing and Utilities, together with other federal agencies and business representatives, also drafted proposals to establish a special legal regime for mining, namely, a "regulatory sandbox." This will make it possible to "mine" digital currencies using computing power based on thermal generation facilities.

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