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.
Well it’s about time, very late to the party! I am not so sure why Russia hasn’t embraced Bitcoin considering their territory and the Ukraine are so welcome to ransomware criminals and they don’t press charges on them or send them to other countries that have those groups and individuals on their most wanted list. Maybe it’s a front because instead of mining it they would rather hack and steal it though the exfiltration and extortion of corporate data over the world. It’s a huge industry and insurance carriers issue cyber policies that protect and pay out on ransomware. I’m just speculating here but honestly I think I’m on to something lmao….