Governor of the Central Bank of Russia: Bitcoin mining industry has pushed up the ruble exchange rate

Foresight News reported that Elvira Nabiullina, Governor of the Central Bank of Russia, stated in an interview with Russian media outlet RBC that it is currently difficult to quantify the impact of cryptocurrency mining, as a large part of it still operates in a grey area. However, mining is indeed one of the factors contributing to the strengthening of the ruble exchange rate.

In addition, a Russian presidential aide also stated earlier this month that cryptocurrency mining is "a new export product" and is having an impact on Russia's foreign exchange market.