Mining of Cryptocurrencies: Analysis of Law Enforcement Practice and Problem Solving in Legal Regulation

Svetlana Muradyan (Moscow University of the Ministry of Internal Affairs of Russia named by V.Ya. Kikot)
Natalia Mikhaylenko (Moscow University of the Ministry of Internal Affairs of Russia named by V.Ya. Kikot)
Anna Skachko (Management Academy of the Ministry of Internal Affairs of Russia)
Yulia Ivanova (Russian Technological University – MIREA)
Elisei Rogachev (Russian Presidential Academy of National Economy and Public Administration (RANEPA))
Elmir Alimamedov (Finance University under the Government of the Russian Federation)

Jurnal Cita Hukum
Vol 11, No 1 (2023)

Despite the enormous popularity of mining around the world, that has been caused by quite objective reasons, there remains a dissonance in States’ approaches to its legal regulation. One of the reasons is that the legal regulation of blockchain technologies in different countries goes completely different ways. In fact, mining is a process of generating cryptocurrencies, as a result of which a new suitable block of transactions is added to the blockchain, and coins are issued. In order to regulate such a process as mining, the legislator needs to create a holistic legal framework regulating the turnover of digital assets in the state