Russia is seeing its $BTC mining operations emerge as an export asset, according to President Vladimir Putin's economic advisor, Maxim Oreshkin. He suggested that crypto assets should be integrated into Russia's balance of payments statistics, noting that Bitcoin mining is an undervalued export project. Oreshkin pointed out that some Russian firms are utilizing crypto for cross-border payments and selling mined $BTC Bitcoin for profit, impacting the foreign exchange market. Luxor Technology data shows Russia contributes nearly 16% to the global hash rate, placing it second to the United States.
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