The Ministry of Energy of the Russian Federation called on the country’s authorities to speed up the legalization and regulation of cryptocurrency mining.

This statement was made by the Deputy Minister of Energy of the Russian Federation Evgeny Grabchak at the first All-Russian conference of legal miners.

According to the official, it is necessary to think through the legislation in such a way that the regions can independently determine the location of mining equipment and electricity quotas for mining companies. This will make the process more efficient and fit it into the development plan of the region.