CandleFocus Underground crypto mining farms uncovered in Russia's Dagestan
2024-09-24
Author: Content Editor
This news article discusses how despite Russia's recent adoption of cryptocurrency at the government level, there are still underground crypto mining operations taking place in the country. Authorities in the Republic of Dagestan recently showcased an underground cryptocurrency facility. While the Prime Minister of the Republic of Dagestan has called for tighter control of crypto miners, the Russian Federation has become more digital asset-friendly, with the use of cryptocurrencies for international trade and settlements being approved by the State Duma. This decision is seen as part of Russia's sanctions evasion program.
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