Russian central bank exec is OK with crypto mining under one condition

Cointelegraph

Published Jun 30, 2022 05:33AM ET

Updated Jun 30, 2022 08:20AM ET

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:

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