Russia’s legalization of BTC mining boosts Bitcoin’s legitimacy, driving prices over $60K.
Regulatory support in Russia may fuel Bitcoin’s path to a new all-time high.
Since Russia has passed a new law legalizing cryptocurrency mining, it marks a significant step in the country’s approach to digital financial assets. Mirroring our recent discussion on the topic of Russia legalizing Bitcoin and XRP payments for trade, under the new legislation, foreign digital assets can now be traded on Russian blockchain platforms.
According to Collin Brown, the law also indicates that as long as mining operations stay within energy limits, no registration is required.
Big news from Russia! President Putin just signed a bill legalizing #Bitcoin (#BTC) and crypto mining! As long as you stay within the energy limits, no registration needed. Mining now officially part of the crypto circulation! #CryptoNews #Russia #blockchain… pic.twitter.com/uccqyGx9QT
— Collin Brown (@CollinBrownXRP) Aug
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