The Russian Central Bank changes its stance: Bitcoin mining becomes a new driving force for the appreciation of the ruble.

[Bit推] The attitude of the Central Bank of Russia has softened. In a recent statement, the Central Bank governor admitted that the expansion of the Bitcoin Mining industry is contributing to the country's economic rise and may even strengthen the international competitiveness of the ruble.

This transition is very interesting. It is indeed difficult to accurately measure the actual impact of Mining, as illegal and gray area miners account for a significant proportion of the industry. But she clearly stated: “Mining is indeed one of the important factors supporting the rise of the ruble exchange rate.”

What is the background? A few years ago, the Central Bank of Russia was unfriendly towards cryptocurrencies and openly advocated banning Mining and exchange operations. However, in the past two years, the tone in Moscow has changed. The government has started encouraging miners to set up factories in areas with surplus electricity, making full use of idle energy resources.

From opposition to acceptance, this not only reflects a loosening of attitudes but also a re-evaluation of the economic effects of Mining by various countries. The activation of idle electricity resources, the creation of local jobs, and the increase in foreign exchange income—these tangible economic accounts are rewriting the policy logic of governments around the world.