OREANDA-NEWS  On November 1, the law on the legalization of cryptocurrency mining signed by President Vladimir Putin comes into force in Russia.

The document establishes concepts such as digital currency mining, a mining pool, an operator of the mining infrastructure, an identifier address and a person organizing the activities of the mining pool. Legal entities and individual entrepreneurs who are in a special register will be able to mine cryptocurrency. Ordinary citizens will be able to mine without being entered into the register. But in this case, the energy consumed should not exceed the limits set by the government.

Earlier, Putin said that digital currencies are a dynamic and promising area that is becoming more and more in demand in the world. "Now we need to take the next step, namely, to move to a broader, full—scale implementation of the digital ruble in the economy, in business activities and in the field of finance," he said.