Russian Federation calculates potential liquidity of Bitcoin mining and scolds regulators
ARussian Federation is calculating the potential liquidity of Bitcoin mining and criticizing regulatory agencies. According to the Industrial Mining Association, large data centers used for cryptocurrency mining can provide liquidity for cross-border transactions worth more than 240 billion rubles. The First Deputy Chairman of the Russian State Duma Security and Anti-Corruption Committee stated that after several years of discussion, officials have made no progress on the issue of cryptocurrency. He believes that cryptocurrency is no longer synonymous with criminal activity.
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