Kremlin Proposes Classifying Bitcoin Mining as Export, Driving Potential Revenue in Cryptocurrency Sector

A senior Kremlin advisor has suggested that Russia’s cryptocurrency mining operations should be classified as a form of export. This proposal comes amidst a surge in the industry and aims to reflect large volumes of mined Bitcoin on Russia’s trade accounts. The move is fueled by significant revenue generated from crypto mining, which impacts both the balance of payments and forex market.