WuBlockchain Weekly: Russia Legalizes Mining, Market Flash Crash on August 5, OKX Users Interacting with Tornado Cash to Face Account Suspension, etc
1. Russian President Putin Signs Law Officially Legalizing Cryptocurrency Mining link Russian President Vladimir Putin has signed a bill officially legalizing cryptocurrency mining. The law introduces new concepts such as digital currency mining, mining pools, mining pool infrastructure operators, address identifiers, and individuals organizing mining pool activities. Mining is considered part of circulation rather than the issuance of digital currencies. Only registered Russian legal entities and individual entrepreneurs are authorized to engage in mining, while individuals who do not exceed government-set energy consumption limits can mine without registration. Additionally, foreign digital financial assets can be traded on Russian blockchain platforms, and the Russian Central Bank has the authority to prohibit individual issuances if financial stability is threatened. The law will take effect ten days after its official publication. Putin described this as a promising economic secto...