Russian President Vladimir Putin’s economic advisor, Maxim Oreshkin, has proposed including crypto assets, specifically Bitcoin mining, in Russia’s balance of payments statistics. He argues that this industry presents an under-valued export sector for the country. Oreshkin points to increasing use of crypto assets for international transactions and the subsequent sale of mined Bitcoin as direct contributors to the foreign exchange market. Data from Luxor Technology reveals that Russia currently occupies nearly 16% of global hash rate, second only to the United States. Sergey Bezdelov, Chairman of the Russian Industrial Mining Association, reports a production volume of approximately 55,000 BTC in 2023. However, this is projected to decline to around 35,000 BTC in 2024 due to the approaching Bitcoin halving event. #BTC