According to the website of the State Duma, the lower house of the Russian parliament, a working group will be set up to discuss the legalization of cryptocurrencies, Caixin reported. Andrei Lugovoi of the Liberal Democratic Party has prepared a bill to this effect. lugovoi said that Russian cryptocurrency miners earn $2 billion a year without paying taxes; law enforcement authorities are also unable to solve cryptocurrency-related crimes due to the lack of regulation.

According to the website of the State Duma, the lower house of the Russian parliament, a working group will be set up to discuss the legalization of cryptocurrencies, Caixin reported. Andrei Lugovoi of the Liberal Democratic Party has prepared a bill to this effect. lugovoi said that Russian cryptocurrency miners earn $2 billion a year without paying taxes; law enforcement authorities are also unable to solve cryptocurrency-related crimes due to the lack of regulation.