Russia develops infrastructure for crypto and mining

Deputy Finance Minister Ivan Chebeskov said Russia is building infrastructure for cryptocurrency and mining to ensure transparency and attract investments.

Russia prepares regulatory framework for crypto market

Deputy Finance Minister Ivan Chebeskov announced that Russia is developing infrastructure for cryptocurrencies and mining within an experimental legal regime. Speaking at the “Digital Finance: New Economic Reality” forum, he stressed that the initiative is essential to meet market demand.

According to Chebeskov, the Bank of Russia is directly involved in the process. The government aims to provide transparent rules that will legitimize cryptocurrency transactions and ensure compliance with regulatory standards.

Why Russia needs its own infrastructure

Chebeskov emphasized that both businesses and regulators require clear mechanisms for crypto operations. “We need our own infrastructure for mining and cryptocurrencies,” he said, highlighting that such a system will foster growth and transparency in the industry.

The development of national infrastructure is expected to create a competitive crypto market, attract foreign and domestic investments, and strengthen Russia’s position in the global digital economy.

Growing demand for digital assets

Experts point out that with rising global interest in mining and digital currencies, Russia must provide investors with predictable conditions. Establishing a legal and technological framework for cryptocurrencies will help the country form a transparent and competitive market.