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. 🚫