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Author Topic: Sanctions could hurt Russia’s multibillion-dollar crypto industry  (Read 254 times)


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This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in its latest round of sanctions aimed at hurting Russia’s economy. The Treasury Department’s Office of Foreign Assets Control says it is concerned Russia may monetize its vast oil reserves and other natural resources for power-intensive crypto mining as a way to raise funds and get around western sanctions.


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