IRKUTSK, March 26. /TASS/. The legal vacuum in the field of cryptocurrency mining needs to be eliminated as soon as possible, Russian Deputy Minister of Energy Evgeny Grabchak said on Saturday.
"The legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be [eliminated] as soon as possible. If we want somehow to get along with this activity, and we have no other options in the current reality, we must introduce legal regulation, adding the concept of mining to the regulatory framework," Grabchak said.
He also noted that it would be more efficient to determine sites for mining and to free energy capacities for miners at the regional level, and not at the federal level, and this needs to be regulated with regional development plans.