🧵 1. Russian President Vladimir Putin signs law permitting cryptocurrency mining, aiming to navigate sanctions in the country. #crypto
🧵 1. Russian President Vladimir Putin signs law permitting cryptocurrency mining, aiming to navigate sanctions in the country. #crypto
🧵 2. The new law mandates crypto mining regulations, limiting it to registered legal entities and individuals. Energy limits will also be imposed.
🧵 3. Residents in Russia will now be able to trade digital currencies, but the central bank can bar activities posing a threat to the country’s currency.
🧵 4. Additionally, the legislation legalizes the use of digital currencies for international payments, helping Russia evade international sanctions.
🧵 5. Putin's support for this bill signifies a shift in mindset as he acknowledges the potential of digital assets, previously illegal for payments in Russia.
🧵 Read more at: https://decrypt.co/243821/putin-signs-bill-green-light-crypto-mining-russia