Russia has had a complicated relationship with cryptocurrencies. In 2019, the Russian government passed a law that legalized cryptocurrencies such as Bitcoin, but also prohibited their use as a means of payment. The law also required cryptocurrency transactions to be reported to the government and subjected to taxation. In addition, the Russian government has expressed interest in developing its own national digital currency, known as the digital ruble.
9 Apr 2023 1 minute read 0 comments Marcello86
After China officially ended crypto mining in 2021, many miners moved abroad, including to the United States, but now Russia has taken second place. The Russian government has turned pro-crypto. A common aversion to crypto is found in less democratic...
