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CoinDesk Podcast Network

COINDESK DAILY: Russia Legalizes Crypto Mining; California’s DMV Loads 42M Car Titles On-Chain

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 31 July 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the news in the crypto industry from Russia legalizing bitcoin mining to California's DMV moving 42 million car titles on-chain. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Russia's State Duma passed a law that fully legalizes cryptocurrency mining in the country. Plus, California’s DMV digitized 42 million car titles on the Avalanche network, and The Bahamas is back with a new law that tightens its crypto guidelines. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.7

Russia legalizes crypto mining and California's DMV loads 42 million card titles on chain.

0:56.0

This is CoinDesk Daily. I'm your host, Jen Sanasi.

1:04.2

Russia's lower house of the Federal Assembly, also known as the state Duma, has passed two

1:09.0

crypto-related laws on Tuesday. That's according to a

1:12.1

Russia-based policy expert. The first law fully legalizes cryptocurrency mining in Russia from

1:17.1

November 1st of this year, and oversight over mining activities will be spread between different

1:21.7

institutions with the Bank of Russia seemingly having overriding powers. The second law, which

1:27.0

comes into effect on September 1st,

1:28.5

is a special experimental regime that allows the central bank to authorize selected companies

1:32.8

to conduct cross-border settlements and exchange trading in digital currency.

1:38.2

California's DMV digitized 42 million card titles on the Avalanche Network as part of a

1:43.1

development to modernize the state's

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