Bitcoin Industry Update - Major Developments Underway! E360
Bitcoin & Markets
The Russian Mining Sector Is Suffering Amid Sanctions Imposed Following Russia's 2022 Invasion of Ukraine and Continued Attack on the Country
Russia's economy has suffered amid the international sanctions imposed following Russia's 2022 invasion of Ukraine and continued attack on the country. None of the sanctions targeting Russia completely prohibit involvement in the mining sector said David Carlyle, Vice President of Policy and regulations at elliptic,. Still, there are significant risks for firms operating in Russian mining sector, Russian mining sector. They cannot do business with sanctioned entities, including mining hosting firm, Bit River, or make payments to state banks and companies Carlisle added.
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