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Russian Bitcoin Mining Bolsters Economy, Strengthens Ruble: Central Bank
ByAinvest
Sunday, Dec 21, 2025 10:45 am ET1min read
Russian central bank governor Elvira Nabiullina believes Bitcoin mining is strengthening the ruble and may be an additional factor contributing to its strong exchange rate. Nabiullina previously opposed crypto, but Moscow has warmed to mining and has seen a rapid rise in both registered and illegal miners. The central bank is discussing cryptocurrency regulations with government bodies, and commercial banks like VTB and Sberbank are launching crypto trading-related services.
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