Crypto mining is making the Russian ruble stronger, central bank admits

Cryptocurrency mining is one of the factors contributing for a stronger ruble lately, the head of the Bank of Russia has acknowledged. The statement confirms the claim of a Kremlin official, who recently noted that the activity is influencing the country’s currency market. CBR governor cites mining as ruble-strengthening factor Bitcoin mining is among the […] source: https://www.cryptopolitan.com/crypto-mining-making-russian-ruble-stronger/