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Russian Central Bank Governor: Bitcoin Mining May Be Strengthening Ruble

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Russian Central Bank Governor Elvira Nabiullina said Bitcoin mining is helping strengthen the ruble and supporting the economy. She noted the challenge of measuring its impact due to illegal and semi-legal operations. Nabiullina now supports crypto mining, especially as bitcoin ETF approval could boost the sector. Previously, she pushed for a mining ban. Moscow now encourages miners to use regions with surplus power, aligning with efforts to counter the financing of terrorism through regulated channels.
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