What the regulatory risk in Russia right now? What if mining just gets banned? Or no chance of that?
The cryptocurrency market is gaining higher popularity each day and more are contries are accepting and regulating the crypto industry in the fovour of crypto enthusiasts. Mining in Russia cosumes thousands of MW of electricity that is produced by the hydroelectric stations. There is no other consumers for the volumes of electricity that is currently produced by hydroelectric stations and it is one of the alternatives for the country and especialy some of its regions to raise its economic without the oil export. Russia has a lot of tech savvys and the favorable regulation in Russia will move the whole mining market into the civil way, as it was with electronic money regulation and many more innovations.