Cryptocurrency in Russia may be legalized as early as 2024. What you need to know about this

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It seems that a sensational event awaits miners and investors in digital assets in Russia. Cryptocurrency may be legalized in Russia as early as this year. The main financial regulators (Rosfinmonitoring, the Ministry of Finance and the Central Bank) have reached certain agreements and discussed the conditions for the possible legalization of digital coins. According to the Ministry of Finance, legislation to regulate cryptoassets is likely to be adopted in August.

First of all, the norms will affect bitcoin mining, taxation of this type of activity, as well as options for the use of digital currency mined in Russia, including for foreign economic settlements. The emergence of crypto coins from the shadows will become an impetus for even greater growth and development of the Russian market for such assets.

How to understand cryptocurrency trading in Russia

The following is currently known about the legalization of digital coins in the Russian Federation: in the near future, the country will have a bill that will regulate mining and outline legal options for the use of bitcoin and other cryptoassets. Interest in digital currencies in Russia is quite high. According to official data, the turnover of cryptoassets attributable to users from this country amounted to almost 5 trillion rubles by the end of 2023. The industry of digital coins can offer investors and traders a large number of options for investing money. And in order to choose among them really worthwhile and safe tokens, it is necessary to have a certain set of basic knowledge.

99Bitcoins is a platform that will be of interest to beginner users of cryptocurrencies. The project has been on the market for more than 10 years. It started as a site with tutorials for beginners (for example, on how to buy bitcoin through Paypal). After the change of the team, 99Bitcoins service can make a real breakthrough.

According to the project roadmap, its users will be able to take training courses, tests, interactive quizzes and earn tokens. The platform implements a new educational concept Learn-to-Earn. The more successfully a user learns, the more rewards he or she receives.

Already now the token 99BTC can be bought at the lowest possible cost on the pre-sale site. At the first stage the price is only $0.001, with each next stage it will be increased by 5%. The final cost will be $0.00113.

ByBit

5020 $
Bonus til nye brugere!

9.8

BESØG Læs anmeldelse

ByBit giver bekvemme og sikre betingelser for handel med kryptovaluta, tilbyder lave provisioner, højt likviditetsniveau og moderne værktøjer til markedsanalyse. Den understøtter spot- og gearet handel og hjælper begyndere og professionelle handlere med en intuitiv grænseflade og vejledninger.

Binance

Optjen en 100 $-bonus

for nye brugere!

9.5

BESØG Læs anmeldelse

Den største kryptobørs, hvor du hurtigt og sikkert kan starte din rejse i kryptovalutaernes verden. Platformen tilbyder hundredvis af populære aktiver, lave provisioner og avancerede værktøjer til handel og investering. Nem registrering, høj transaktionshastighed og pålidelig beskyttelse af midler gør Binance til et godt valg for handlere på alle niveauer!

In parallel with the presale, the developers have launched airdrop of their own tokens 99Bitcoins. This is a great opportunity to get 99BTC without investments. It is enough to register on the project’s website, subscribe to its accounts in social networks and create a cryptocurrency wallet. In July, 99 lucky users will receive free 99BTC tokens, which they can use for further training or staking.

The prospectivity of the 99Bitcoins project and the usefulness of its own token is obvious. The principle implemented in its basis makes the learning process not only interesting, but also profitable. This is one of the main arguments when choosing 99BTC token to invest money. During the project’s presale, more than $185,000 was raised.

Among the additional pluses of the startup:

Users have the opportunity to earn more than 40,000% APY on token staking.
In addition to tutorials, expert analytics and trading signals are available;
99BTC (a utility token of a reliable cryptocurrency project) has high chances to grow significantly in value after listing on decentralized and centralized exchanges.

Conclusion

At the moment it is difficult to make any predictions about the further development of the situation with the legalization of cryptocurrency in Russia. The interest of the main state regulators in solving this issue clearly indicates a positive trend. The very fact that legislation in the sphere of digital assets will appear will be a big step forward for Russian investors. Now, beginner traders should immerse themselves in learning the intricacies of cryptocurrency trading. Thanks to the 99Bitcoins project and its extensive training base, this has become much easier.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.