Articles in Category RUSSIA

The Russian sovereign wealth fund is channelling investment into bitcoin mining in the BRICS countries to facilitate global trade settlement in bitcoin. The concentration of mining in the BRICS countries could lead to centralisation, which would be a potential risk to the ethos of bitcoin.

New regulations grant the Russian government enhanced powers to restrict mining, monitor transactions, and manage digital currency infrastructure.

The ministry is prepared to supply bitcoin miners with surplus electricity in times of abundance.