Breaking update 🚀Russia banning cryptocurrency | Putin gonna Change The Bitcoin Future đŸ”„đŸ”„đŸ”„đŸ”„

- *Ban on Cryptocurrencies*:

Russian lawmakers have announced that starting September 1st, Russia will ban all cryptocurrencies within their borders.

- *Exceptions*: The ban excludes digital financial assets issued by the state, such as digital rubles.

- *Reason for the Ban*:

Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, stated that the need for the ban is due to cryptocurrency being a quasi-currency that replaces the ruble in the country.

- *Impact on Crypto Miners*:

The ban allows for exceptions for crypto miners and test projects sponsored by the Central Bank. This is due to crypto mining providing a significant boost to Russia's economy via increased taxes.#Fed #Russia #NFP #Megadrop $BTC $ETH $BNB