Russian President Putin: Russia has become one of the world leaders in the field of Bitcoin mining

ChainCatcher news, Russian President Putin recently stated during a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining. This is because Bitcoin mining can utilize the surplus energy in regions such as Siberia. However, he also warned that these activities should not hinder the development of the region.

According to a report by Sergey Bezdelov, chairman of the Industrial Mining Association, Russia produced 54,000 Bitcoins in 2023, bringing over $550 million in tax revenue to the country.

On August 8, Putin signed a law that legalized cryptocurrency mining in Russia.