Russia Seeks Bitcoin Mining Integration in National Economic Strategy

Maxim Oreshkin, Russia’s presidential economic advisor, is advocating for the integration of Bitcoin mining into the nation’s economic framework, positioning it as a key element of the country’s strategy. He emphasized the significance of this industry at the ‘Calling!’ investment forum in Moscow, highlighting a $1.3 billion investment from Russian companies in mining infrastructure. Oreshkin also noted that this integration could address foreign trade challenges under sanctions and foster a regulated Bitcoin market as Russia develops regulatory frameworks by 2026. This move comes as Russia seeks to mitigate the impacts of international sanctions on its economy, with increasing use of cryptocurrencies for import and export transactions.