Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining. He explained that this is due to the ability to use excess energy in regions such as Siberia for mining, but he also warned that these activities should not hinder the development of the region.
According to a report by Sergey Bezdlov, chairman of the Industrial Mining Association, Russia produced 54,000 Bitcoins in 2023, bringing the country more than $550 million in tax revenue. However, Bezdlov assessed that due to the recent approval of the law on cryptocurrency mining, this figure will increase due to the influx of new investors in the field. (Bitcoin.com News)