Post
Topic
Board Bitcoin Discussion
Re: SBI decides to withdraw crypto mining completely from Russia
by
Ozero
on 20/08/2022, 14:06:15 UTC
It is not surprising that more businesses pulled out of russia due to war ..but surprisingly for me that russia was one of them where cyrpto mining was abundant but after war , china emerged as top three miner country after USA and Kazakstan....as we know china had imposed ban on cryptocurrency but indirectly he is in this business of money making.....very clever
Russia has committed military aggression by invading Ukraine and trying to take over its territory, while killing many civilians and deliberately destroying the country's civilian infrastructure. Ignoring international norms and excessive cruelty, of course, causes outrage in the international community and therefore many foreign companies seek to leave Russia even if they suffer material losses. Perhaps the tightening of legislation regarding cryptocurrencies, as well as the controversial attitude of top officials of Russia to the mining of cryptocurrencies on its territory, played an important role here. But such an ending is generally natural. Russia is now rapidly turning into a pariah country with which self-respecting companies do not want to do business.