If Russia Invites Bitcoin Adoption, The Global Arms Race Will Begin Today


On February 15, the Russian Ministry of Economic Development signaled a bullish development around Bitcoin; reduced costs for bitcoin miners. But what can we make of this?

First the obvious: yes it is bullish. The Russian Ministry is reportedly considering “energy tariffs” for bitcoin (and other cryptocurrency) miners, as well as taxing cryptocurrency-to-ruble conversions — as long as said facilities are constructed in particular regions (you don’t want bitcoin miners just popping up anywhere, not that they operate in this manner, anyway).

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More