Crypto Mining Regulation Takes Center Stage at St. Petersburg International Economic Forum
Crypto mining regulation has taken center stage at the St. Petersburg International Economic Forum. Government officials are also talking up the cross-border credentials of Russia’s CBDC.
The media outlet RBC reported that speakers at the event (known as SPIEF) convened for a session about “crypto mining and the use of cryptocurrencies in international payments” on June 6.
Industry leaders say Russia’s crypto mining sector is growing fast. And the industry is chiefly dominated by Bitcoin (BTC) mining, with some miners also focusing on tokens such as Litecoin (LTC).
In attendance were Valery Seleznev, the first deputy chairman of the State Duma’s energy committee, and the Russian Deputy Finance Ivan Chebeskov.
Other attendees included the lawmaker Anton Tkachev, a member of the State Duma Committee on Information Policy, IT, and Communications.
Prominent crypto mining industry chiefs also spoke during the session. These included Sergey Bezdelov, the head of the Industrial Mining Association, and Igor Runets, the founder and CEO of BitRiver.
Other top mining chiefs also took part, including Timofey Semenov, the CEO of the Moscow-based crypto hardware provider Intelion Data Systems.
Stanislav Georgievsky, the Vice President of the association of Russian exporters, the Russian Export Center, spoke about crypto’s use in the cross-border trade world.
Bank officials and media representatives also attended the session.
The meeting suggests that crypto mining chiefs have Moscow’s ear. It now looks likelier than ever that Russia will finally legalize and regulate its industrial crypto mining sector.
Earlier this week, a top finance ministry official stated that the government was prepared to grant industrial miners official recognition as
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