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El Salvador amended its Bitcoin legal tender law in December 2024 as a condition for securing a $1.4 billion IMF loan, making merchant Bitcoin acceptance voluntary rather than mandatory.
Russia formalized legal recognition of cryptocurrency mining on November 1, 2024, through federal legislation that establishes registration requirements, electricity limitations, and restrictions on foreign participation in mining activities.
China's government initiated a comprehensive crackdown on cryptocurrency mining in June 2021, with provincial authorities ordering immediate cessation of mining operations and later implementing a nationwide ban through federal regulatory action.
