Russia surpassed Kazakhstan, which restricted mining last year due to power outages. Also, the growth of mining capacity in Russia has been impacted by low electricity prices and equipment availability.
But Russia is also facing challenges in the field of cryptocurrencies. In particular, the legal framework for miners has not yet been developed and the status of the cryptocurrency has not been determined. In addition, the risks of sanctions are increasing for both Russian players and their foreign partners.
Source: Ferra
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