Russia has taken action! Only allowed to purchase $4000 each year, privacy coins completely banned!
Brothers, big brother has made a tough move!
The recently passed crypto law appears to be 'open', but in reality, it is 'drawing circles'. Want to list? You need data to speak: the average market value over the past two years is $54 billion, with an average daily trading volume of $10.8 billion, and it must have a 5-year history—count on your fingers, besides Bitcoin, who else is worthy?
What's even more outrageous is that each year you can only invest $4000, no more allowed. Privacy coins are directly blacklisted; don't expect to see XMR and others on legal platforms in Russia anymore.
Stop messing around with mining. Illegal mining can lead to a maximum of five years in prison! Fines of 2.5 million rubles for individuals and 1 million for exchange violations. Big brother is trying to put all aspects under strict control; if you disobey, it’s crashing the market + jail time.
But from another perspective, this is a clear acknowledgment that Bitcoin is a 'currency asset'. Ordinary people have limits, but what about big players and institutions? Those who understand, understand.
This sharp cut will leave compliant players behind, while all the rogue paths will be eliminated.
What do you think? Is this $4000 limit a protection or a restriction? Let the comments section battle begin! 👇
