Russia Goes Crypto: Putin Signs Groundbreaking Law to Legalize Mining!
Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia, effective November 2024. The law allows registered entities and entrepreneurs to mine crypto, with non-registered individuals limited by energy consumption caps. Miners are required to report their digital currency acquisitions to the government. The Russian Central Bank, alongside an authorized body, can regulate crypto transactions to ensure financial stability. Putin highlighted the importance of regulating digital assets to enhance Russia's role in international trade and finance.
