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What will be the primary focus of Russia's new cryptocurrency law enforcement by April 30, 2025?
2
Resolution / Starting Odds
Mining Operations • 25%
Transaction Monitoring • 25%
Infrastructure Regulations • 25%
Regional Restrictions • 25%
Analysis from policy experts or government statements
Story
Russia Enacts New Law to Expand State Control Over Cryptocurrency and Bitcoin Mining
Oct 27, 2024, 10:26 AM
The Russian government has enacted a new law signed by President Vladimir Putin on October 27, 2024, aimed at expanding state control over the cryptocurrency sector. The legislation includes measures to strengthen supervision of Bitcoin mining activities, giving the government the power to halt mining pool operations. Additionally, the law regulates digital currency turnover and amplifies state control by enabling regional restrictions, tighter infrastructure regulations, and enhanced transaction monitoring.
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Transaction monitoring • 25%
Taxation • 25%
Exchange licensing • 25%
Other focus • 25%
Mining • 25%
Cross-border payments with China • 25%
Sanctions evasion • 25%
Other • 25%
Consumer protection • 25%
Market stability • 25%
Innovation encouragement • 25%
Other • 25%
Regulatory coordination • 25%
Industry engagement • 25%
Policy development • 25%
Public outreach • 25%
Encouraging Bitcoin adoption • 25%
Regulating cryptocurrencies • 25%
Developing a national digital currency • 25%
Other focus • 25%
New regulations • 25%
Major arrest • 25%
Recovered funds • 25%
Other • 25%
Yes • 50%
No • 50%
Positive impact • 25%
Negative impact • 25%
No significant change • 25%
Uncertain impact • 25%