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Russian Central Bank Official Acknowledges Bitcoin Mining's Role in Ruble Strength

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Russian Central Bank Governor Elvira Nabiullina has acknowledged Bitcoin mining as a factor in the ruble’s strength, citing its role amid dollar strength vs crypto. While the impact remains hard to quantify, the industry is gaining recognition as a foreign income generator. The government is reevaluating sectors that support economic resilience, including Countering the Financing of Terrorism concerns. Bitcoin mining, especially in Siberia, is being positioned as a new export. The Central Bank is now in talks with agencies on formal crypto rules, signaling a regulatory shift.
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