In a groundbreaking move, Russia is set to legalize Bitcoin mining starting November 1st, 2024. This decision, signed into law by President Vladimir Putin, marks a significant shift in the country’s approach to cryptocurrency.
The new legislation will allow approved mining firms to register through a state database, while individual miners can operate without registration if their energy consumption remains below a certain threshold. This development is expected to boost the global crypto market and could position Russia as a major player in the industry.
BULLISH 📈
This move is seen as a bullish signal for the cryptocurrency market, potentially driving up Bitcoin prices as the legal landscape for mining expands. Stay tuned for more updates as this story develops!