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👀 MEDIA: President of El Salvador Nayib Bukele plans a trip to the Russian Federation in 2025. One of the key topics for discussion may be cryptocurrencies.

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🚫 #Яндекс » updated the requirements for advertising on its platform, banning the promotion of digital assets, mining, blockchains and cryptocurrency projects.
The crypto community noted that the ban also included mining pool services and AML/KYT checks. Some believe that crypto companies will have to forget about contextual advertising.
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🇷🇺 Irkutsk Region, Khakassia, and Dagestan have become the most profitable regions in the Russian Federation for mining, according to a study by the rating agency AKRA. With the current limit of 6000 kW·h, which does not require individuals to register in the Federal Tax Service registry, the cost of electricity will range from 9000 to 16,000 rubles per month.

In Kalmykia and Tuva, the costs are three to five times higher — from 43,000 to 47,000 rubles.

Experts calculated that one ASIC miner consumes about 2160 kW·h per month (not including cooling). This means that with the current limit, it will be possible to utilize two full setups for cryptocurrency mining.

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👀 The Russian government has approved amendments to the draft law on mining, regulating the taxation of cryptocurrency.

Digital currencies have been recognized as property for tax purposes.

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• Chainalysis said that Russia is developing an experimental infrastructure using cryptocurrencies aimed at bypassing sanctions and international trade.

According to experts, the Central Bank of Russia is leading this effort, with pilot payments set to begin in September this year. The company does not rule out that the infrastructure of local crypto exchanges such as Tetchange, 100btc, Bitzlato, Suex, Exved, and Garantex could be used to simplify transactions. The experts called the latter a “central player” despite sanctions from OFAC.

At the same time, the ban on the use of cryptocurrencies for domestic payments in Russia remains in effect. Despite this, the country consistently ranks among the leading countries in Chainalysis’ annual Global Cryptocurrency Adoption Index.

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