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.
I think they are trying to avert economic sanctions through transacting with virtual values like BTC perhaps the Russian government is trying to use Bitcoin since it's stronger than the US dollars and Kuwait Dinner to encourage the continuity of Russians in international business transactions, for instance, a Russian could buy goods and make payments using BTC from online shops that accepts BTC and send it to a friend in another country not been sanctioned like Russia and afterwards the friend could ware Bill it to him been the actual or initial purchaser in Russia, and again, BTC holders will surely attract customers,so Russian mining and holding substantial amounts of BTC will attract investors from many countries.