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Russian Central Bank Official Comments on Bitcoin Mining and Ruble Strengthening

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Russian Central Bank Governor Elvira Nabiullina said Bitcoin mining may indirectly support the ruble but stressed the sector remains largely in the gray zone. She noted the ruble’s recent strength is not tied to mining, which began growing before 2025. Mining is now legal, with entities required to register with the FTS. The Central Bank is working with the Ministry of Finance on crypto rules, including Countering the Financing of Terrorism measures. Risk-on assets have seen increased attention, but Nabiullina emphasized the need for clearer data to assess mining’s economic role.
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