Russian region struggles to keep up with Bitcoin mining energy demands
A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast. Go to Source Powered by WPeMatico
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A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast. Go to Source Powered by WPeMatico
According to data from TASS news services, Russians owned nearly 5 trillion rubles worth of cryptocurrencies by December 2021. Go to Source Powered by WPeMatico
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers and Bankers to Report Back With Consensus on Cryptocurrencies Russian … Read more
Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development. Russia’s Putin Still Cautious About Crypto Russian President Vladimir Putin has made another comment regarding cryptocurrencies. … Read more
“No one is looking to allow Russian people to earn money with crypto operations,” the official claimed. Go to Source Powered by WPeMatico
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value … Read more
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.” Go to Source Powered by WPeMatico
Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not … Read more
The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. Go to Source Powered by WPeMatico
President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities to Inspect Crypto Disclosures Filed by Russian Officials as … Read more