Bitcoin Bonanza: Russia Mines 54,000 BTC, Legalizes Mining

Bitcoin Bonanza: Russia Mines 54,000 BTC, Legalizes Mining

According to reports, Russia’s Bitcoin mining in 2023 brought 54,000 new Bitcoin (BTC) into circulation, generating a tax revenue of $556 million for the government.  The country is expected to make a bold decision to permit the central bank to move digital assets overseas following the imposition of sanctions on Russian banks.  The director of the Industrial Mining Association, Sergey Bezdelov, disclosed at the just-ended Industrial Mining …

Russia Turns to Bitcoin Mining to Evade Sanctions and Boost Economy

In the face of stringent economic sanctions from the West, Russia has turned to an unexpected ally: Bitcoin mining. Over the past year, the country has mined more than $3 billion worth of Bitcoin, using this digital asset not only to bypass economic restrictions but also to bolster its economy. The legalization of Bitcoin mining by the Russian State Duma last July has proven to be a strategic economic masterstroke, offering a lifeline amid growi…

Russian Bitcoin Mining Sees 54,000 BTC Boost in 2023 · Cardano Feed

🚀 Stay Ahead with AltcoinDaily.co! 🌐 Sergey Bezdelov, Director of the Industrial Mining Association, recently revealed that the Russian Federation mined almost 54,000 Bitcoin in 2023. This notable amount of...

Russia to leverage Bitcoin mining to drive economic growth

The director of the Industrial Mining Association, Sergey Bezdelov, at the Industrial Mining session of the Eastern Economic Forum (EEF-2024), recently made a revelation about bitcoin mining in Russia. According to Izvestia, a Russian media outlet that covered his speech, he stated that in 2023 alone, 54 thousand bitcoins were mined in Russia, which brought […] The post Russia to leverage Bitcoin mining to drive economic growth appeared first on…