As we speak, the US Treasury took goal at Russia’s cryptocurrency mining trade.
On April 20, the Treasury’s Workplace of International Property Management added Russia-based cryptocurrency miner BitRiver in addition to 10 subsidiaries to its Specifically Designated Nationals record.
In accordance with an announcement shared with The Block, the transfer is indicative of a broader push towards Russia’s crypto mining trade. The Treasury didn’t point out any specific affiliation between BitRiver and the Putin regime.
“By working huge server farms that promote digital foreign money mining capability internationally, these firms assist Russia monetize its pure assets,” the Treasury’s announcement mentioned. “The US is dedicated to making sure that no asset, regardless of how complicated, turns into a mechanism for the Putin regime to offset the affect of sanctions.”
Certainly, in February, BitRiver introduced that it was Russia’s first firm with a net-zero carbon footprint.
Earlier this 12 months, there was some forwards and backwards over a push to ban crypto mining in Russia, with President Putin finally defending the native trade. Per current estimates, Russia is the third-largest supply of Bitcoin mining on the earth, after america and Kazakhstan.
