Russian Central Bank Acknowledges Bitcoin Mining's Impact on Ruble Stability
According to Foresight News, the Russian Central Bank has recognized the role of Bitcoin mining in stabilizing the ruble. In a recent interview with RBC, Governor Elvira Nabiullina highlighted that the influx of value from mining operations has become a supportive factor for the national currency's exchange rate. This acknowledgment marks a pragmatic shift for the institution, which has long advocated for a complete ban on cryptocurrencies. Despite the industry's largely unregulated status, Nabiullina noted the difficulty in precisely quantifying its impact but emphasized that mining is considered a measurable macroeconomic variable.
