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Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives

July 28, 2023
in Bitcoin
Reading Time: 1 min read
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Not one of the “sanctions concentrating on Russia fully prohibit involvement within the mining sector,” stated David Carlisle, vp of coverage and regulation at Elliptic, a blockchain analytics agency. Nonetheless, there are “vital dangers” for corporations working in Russia’s mining sector: they’ll’t do enterprise with sanctioned entities together with mining internet hosting agency BitRiver, or make funds to state banks and corporations, Carlisle added.

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Tags: BitcoinFlowingIndustryMachinesMiningRussiasanctionsThrives
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