Russia legalizes cryptocurrency mining!

Boldly, Russia has passed a law to legalize cryptocurrency mining, aiming to break free from dependence on the US dollar. Starting in November 2024, the Russian government will allow licensed companies to register in an official database and begin cryptocurrency mining activities. This move is set to be a driving force for the cryptocurrency industry in Russia.

The Central Bank of Russia, the Ministry of Finance, and appointed government officials will closely monitor this emerging industry. But Russia’s ambitions don’t end here!

In collaboration with BRICS countries, the Kremlin has designed an ambitious roadmap to create an alternative digital currency for international trade. This move could reshape global economic dynamics.

Economists have doubts about the success of this ambitious plan, warning that implementing such a large-scale program may face serious challenges. Will Russia succeed in this risky endeavor? Time will reveal the answer to this crucial question.