---
title: "JUST IN: President Putin signs law legalising Bitcoin and crypto mining in Russia."
description: "Russia seems to be acting to keep up with the US. Nation-level as Bitcoin FOMO is heating up.\nTheir entry will boost the hash rate, strengthen network fundamentals, and diversify miner politics.\nChinese mining pools control 57% of the BTC hash rate, while the 🇺🇸US has 35%.\nSource: Cryptoquant, Ki Young"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [JUST IN: President Putin signs law legalising Bitcoin and crypto mining in Russia.](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-6af63939)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 9, 2024, 1:26:19 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-6af63939)

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