Russian President Vladimir Putin signed a law legalizing cryptocurrency mining, including Bitcoin (BTC). The law will come into force in November 2024.
- Approved firms will be able to register in the state registry for mining.
- Small miners can operate without registration if their energy consumption is below the threshold.
- Control over the industry will be divided between the Bank of Russia, the Ministry of Finance, and the Cabinet of Ministers.
- A ban on mass advertising of cryptocurrencies in Russia has been introduced. 🚫