The Governor of the Central Bank of Russia: Bitcoin mining may be strengthening the ruble.

ChainCatcher news, Elvira Nabiullina, the Governor of the Central Bank of Russia, stated that the rapid development of Bitcoin mining in Russia is promoting the country's economy and may strengthen the ruble exchange rate. Nabiullina acknowledged that it is difficult to quantify the impact of crypto mining due to the significant portion of the industry occupied by illegal and semi-legal miners. She stated, “Mining is indeed one of the additional factors contributing to the strong ruble exchange rate.” Previously, the Central Bank of Russia has opposed cryptocurrency, and Nabiullina has called for a ban on mining and cryptocurrency exchanges. However, in recent years, Moscow's attitude towards crypto mining has warmed, encouraging miners to establish bases in regions where electricity reserves are idle.