Russia is world’s second-biggest cryptocurrency miner

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Russia has overtaken Kazakhstan to become the world’s second-largest cryptocurrency mining country in 2023, Kommersant reports on April 12. Bitriver, Russia’s largest bitcoin mining provider, says that Russia’s coin generating capacity had reached 1 GW in January-March this year, second only to the US with a capacity of 3-4 GW. Cut off from the international payments system following the imposition of the SWIFT sanctions shortly after the start of the war a year ago, Russia has accelerated its plans for digital currencies, which operate outside the control of international regulators. The Cent…

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