Russia Reports 15% Increase in Number of Crypto Mining Companies

The Russian crypto sector is increasing. The quantity of companies working mining services has elevated this yr, extra Russians personal cryptocurrency. Information confirming these traits has been offered by the nation’s crypto and blockchain affiliation, which additionally warned that delayed embrace of digital monetary expertise prices Russia a trillion rubles annually.

Additionally learn: Swissquote Reports 44% Increase in Revenue After Including Cryptocurrency Companies

75,000 Companies Mine Cryptocurrencies in Russia

The Russian Federation, an enormous nation wealthy in power sources together with low-cost electrical energy, has what it takes to grow to be a significant crypto mining vacation spot. Not too long ago launched statistics present that this contemporary sector of the financial system is quickly creating.

The quantity of crypto mining firms has elevated by 15% in H1 2018 to a complete of 75,000, in response to the Russian Affiliation of Cryptocurrencies and…

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