Bitcoin Mining now being legalized in Russia
https://watcher.guru/news/brics-russia-officially-legalizes-bitcoin-and-crypto-mining and this have been signed into law already, I see it as a new development over BRICS in taking more considerations towards bitcoin by giving due recognition on it's mining, though China remains as it was.
Cryptocurrency mining is allowed to take effect for any industry or miner who are ready to go by the stipulated amount of energy consumption rate for the mining purpose in the country, we can also recall that recently, Russia approved the acceptance of crypto as a means of payment through international transactions.
Bitcoin is gaining more wins each day on every side, The world is now realizing more on how they needed bitcoin, especially by people and region it had been wrongly talked about, the BRICS is the main target now.
Am not sure if this has been discussed already, but I've checked on the bitcoin discussion board and see nothing related to the news updates on it.
This is a very interesting scenario and that was really expected after sanctions. I'm curious why Russia didn't legalize Bitcoin mining soon after the war started. Btw this is a message and a warning for the rest of the world, the message is that Bitcoin is part of the modern financial system and it can't be abandoned or left without attention. Doesn't matter if any country wants it or doesn't want, they are forced to accept Bitcoin and keep their attention on it.
Who could imagine a few years ago if we would see such a picture? Lots of interesting events are going to happen soon. Just get your popcorn and watch the show and hold some Bitcoins too.