๐จ BREAKING: Putin Signs Law Legalizing Crypto Mining in Russia! ๐ท๐บ
In a move to boost Russia's digital economy, President Vladimir Putin has officially signed a law legalizing #cryptocurrency mining! ๐ฐโ๏ธ This game-changing legislation will allow approved mining firms to register through a state database and start mining #crypto . ๐๐
The new law, set to take effect in November 2024, aims to reduce Russia's reliance on the US dollar in international trade. ๐๐ธ Oversight of the #mining industry will be split between the Bank of Russia, the Ministry of Finance, and a select cabinet of ministers. ๐ฆ๐ฅ
This historic shift in Russia's stance on digital currencies comes as the BRICS nations (Brazil, Russia, India, China, and South Africa) explore the idea of a unified digital currency to challenge the dominance of the US dollar. ๐ง๐ท๐ฎ๐ณ๐จ๐ณ๐ฟ๐ฆ
