Technological and economic consequences of legalization

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How Legalization Will Affect Crypto Exchanges and Exchangers
This question is of interest to everyone who sells and buys crypto in Russia. According to current forecasts, crypto exchanges and exchangers will continue to operate as usual, but will be able to officially cooperate with miners and increase their profits due to this. In the long term, this will lead to the development of these platforms and an increase in the level of trust in them on the part of the population. Trading on them will be conducted at the official level and in compliance with the current jurisdiction.



With the active development of mining, the load on Russia's energy infrastructure, which in some areas is already operating at its peak, will increase significantly. On the one hand, this could lead to belgium phone number lead power supply failures, but on the other, it will facilitate the development and renewal of the infrastructure. Renewable energy sources, as well as new technologies that reduce hydrocarbon consumption, could be used.

In the technological sphere, legalization of mining will also lead to the development of companies specializing in the development of software and equipment for mining. This will significantly modernize and diversify the Russian economy.



What miners should consider before legalization
The main question: what should miners do in the changed conditions and what should they pay attention to first? Everyone who mines crypto in Russia needs to take the following actions now:

Conduct legal preparation. Study the new law and consider the possibilities of registering a business or becoming an individual entrepreneur.
Compare your activity with the upcoming taxation. If your income from mining is already small, crypto mining may become unprofitable after the introduction of new taxes.
Choose reliable platforms for buying and selling crypto. Since the crypto sphere will now be under strict state control, it is worth choosing only among licensed companies with an excellent reputation.
What you definitely shouldn't do in the new reality is continue to use various gray schemes for exchanging, buying and selling crypto. No matter how profitable they are, you risk much more: large fines and restrictions in rights.