Crypto Mining Impacts Russia’s Currency Market: Kremlin Official Highlights Growth

Russia’s cryptocurrency mining industry is gaining prominence, influencing the country’s currency market and raising questions about its inclusion in economic forecasts. A representative of President Putin’s team has highlighted the sector as a ‘hidden export,’ underscoring its significant impact on the ruble’s value fluctuations. llowing Russia to expand into new markets and generating financial flows that were previously underestimated, the industry is now recognized as a key component of the nation’s economy.