May 24, 2022

The ban on crypto in Russia is a way to reduce GDP and brain drain (many IT crypto jobs on hh.ru).

Russia has taken the third place in the world in terms of bitcoin mining.
This is evidenced by the data University of Cambridge, which drew the attention of Reuters.
The share of Russia in the global bitcoin hashrate reached 11.2%.
For comparison, in August 2020 it was 8.2%.

Mining is professional IT specialists and high power consumption, i.e. mining leads to GDP growth.

Mining farms need maintenance and monitoring to improve efficiency, these are opportunities for me IT pros.

Blockchain developers are highly valued. New projects and cryptocurrencies are created almost daily, so the demand for them will be high for a long time to come.

Exchange hacks, vulnerabilities in many blockchains require qualified IT security staff.

Cryptocurrency exchanges are good business, i.e. also contributes to GDP growth.

For Russia, a ban on crypto, if it happens, will lead to an outflow of professional specialists and a fall in GDP.
For Russia, as a country, it is more profitable to control the crypt (as far as possible) and take a tax.
Please note: neither the US nor Europe protect the crypt.

Many vacancies in crypto for IT.
Printscreen from hh.ru (hundreds of vacancies, all will not fit on the printscreen(:

The ban on crypto in Russia is a way to reduce GDP and brain drain (many IT crypto vacancies on hh.ru).

I think most of the Duma deputies do not understand crypto: they have long wanted to ban what they do not understand:

The ban on crypto in Russia is a way to reduce GDP and brain drain (many IT crypto vacancies on hh.ru).

I express my personal opinion.
You can discuss it here or in the chat t.me/OlegTradingChat (more than 860 participants).

Respectfully,
Oleg.