Russian Central Bank Governor: Bitcoin mining industry has driven up the ruble exchange rate.

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According to Foresight News , Russian Central Bank Governor Elvira Nabiullina stated in an interview with Russian media RBC that it is currently difficult to quantify the impact of cryptocurrency mining because a large part of it remains in a gray area, but mining is indeed one of the factors contributing to the strengthening of the ruble.

In addition, a Russian presidential aide also stated earlier this month that cryptocurrency mining is "a new export product" and is having an impact on the Russian foreign exchange market.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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