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U.S Treasury Sanctions Russian Bitcoin Miners

  • The U.S Treasury is making use of sanctions in opposition to bitcoin mining in Russia.
  • The sanctions search to impede the capability for people to obtain fiat funds, in addition to pc {hardware} by making use of stress on the availability chain and cost processors.
  • According to the University of Cambridge, Russia is the third-largest nation on the planet for bitcoin mining.”

The United States Treasury Department released a press release today announcing new sanctions aimed at bitcoin mining in Russia for their ongoing war in Ukraine, as they are the third-largest bitcoin miner in the world according to the University of Cambridge.

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