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  • Elvira Nabiullina said bitcoin mining may be an additional factor supporting the ruble.
  • She cautioned the impact is hard to quantify because mining often sits outside reporting channels.
  • Russia legalized bitcoin mining in August 2024 after years of gray-market operations.


Russia’s central bank governor Elvira Nabiullina said bitcoin mining may be providing incremental support to the ruble, an unusual acknowledgment from a policymaker who has historically treated digital assets as a financial risk.

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~Politics_And_Law ~bitcoin

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