![russia has some advantages in crypto mining](https://news.bitcoin.com/wp-content/uploads/2021/02/russian-crypto-mining-companies-are-expanding-their-capacity-as-the-country-becomes-a-preferred-hotspot-for-foreign-miners.jpg)
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Given these factors, it will be the only country able to substantially accelerate hashrate growth, institutional digital assets exchange.
Given these factors, it will be the only country able to substantially accelerate hashrate growth, institutional digital assets exchange.
Cryptocurrencies could also bypass the international banking system that is key to enforcing sanctions as a listening post for financial transactions worldwide a characteristic of cryptocurrencies that watchdogs and central banks dislike , by offering an alternative way to make irreversible cross-border transactions. This abundance of electricity resources at a much lesser price has made the central bank recognize the flip side of crypto mining growing crazy in the country. It is also difficult to see why Russia would want to substitute its plummeting ruble with another highly volatile asset.