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RE: LeoThread 2024-12-27 09:16

Brazil is also pursuing similar initiatives, with legislators pushing for the inclusion of Bitcoin in their national reserves. These examples reflect a global trend where various countries are diversifying their financial strategies to incorporate decentralized digital assets. Concurrently, former Thailand Prime Minister Thaksin Shinawatra has proposed a plan to integrate Bitcoin into Phuket’s tourism economy.

In the meantime, Russia is making news with its latest moves in cryptocurrency regulation. Beginning in January 2025, the nation will enforce a six-year ban on crypto mining across ten regions to tackle power shortages and avert outages during times of high electricity demand. Additionally, Finance Minister Anton Siluanov has announced that Russia has officially started using Bitcoin for international payments. This adoption of Bitcoin highlights the country’s broader strategy aimed at reducing its reliance on the dollar.