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 must confess that I am coming across this news for the very first time here, and it's a goodnews regardless, the world government have studied, and have come to terms with the importance of bitcoin adoption to our system, but several of them are still hesitant to announce their acceptance and legalization of the asset due to fear of criticism from the general public owning or due to how they (the government) have criticized and fought against the usage and growth of bitcoin, they know that the fiat system have failed woefully, but they can bring themselves to accept it because fiat Is their own creation, and with their own hands, they have destroyed it.
Going forward, I expect more and more countries to gradually begin to key in their economy towards bitcoin and cryptocurrencies, the adoption of bitcoin won't happen overnight, but a time is coming when every country will have no choice but declare bitcoin legal and acceptable for both local and international transactions the respective countries.