Putin Supports Cryptocurrency Mining

Putin supports cryptocurrency mining. The President of Russia has previously announced his support for mining.

Recently, positive statements are coming from President Vladimir Putin regarding cryptocurrencies, which the Central Bank of Russia has recommended to be completely banned within the borders of the country. Speaking at a press conference on cryptocurrency regulations yesterday, Putin stated that Russia has advantages in mining and asked the Ministry of Finance and the Central Bank to find a middle ground in this regard. After these statements, it has been claimed that now Putin has a positive attitude towards cryptocurrency mining and is warm to the government's proposal "Let's do mining in a regulated way".

Russia Is One of the Favorite Countries in Mining

As it is known, in May 2021, after the bans imposed by China on crypto currency miners in the country, many miners immigrated to Russia, Kazakhstan, the USA and Canada. Near geography, cold climate and cheap electricity had brought countries such as Russia and Kazakhstan to the fore.