#CryptoEarnings #BinanceScuare #LearnAndEarn #WriteToEarnUpgrade
According to Odaily, the economic advisor to Russian President Vladimir Putin, Maxim Oreshkin, has suggested that cryptocurrency assets should be included in Russia's balance of payments statistics. He emphasized that Bitcoin mining is becoming an underestimated export project for the country. Oreshkin noted that some Russian companies are using cryptocurrency assets for cross-border payments and selling mined Bitcoin for profit, which has a tangible impact on the foreign exchange market.
Luxor Technology's data indicates that Russia currently accounts for nearly 16% of the global hash rate, ranking second only behind the United States. Sergey Bezdelov, president of the Russian Association of Industrial Mining, stated that Russian miners produced approximately 55,000 BTC in 2023. However, due to the upcoming halving, production is expected to decrease to around 35,000 BTC in 2024.
