Another article on this topic:
In January, Vladimir Putin stated that Russia has distinct advantages when it comes to bitcoin mining as it relates to the energy surplus and climate conditions provided to them. The U.S Treasury agrees with the Russian president, stating “Russia has a comparative advantage in crypto mining due to energy resources and a cold climate.”
Coindesk provides a response by BitRiver:
The firm and 10 of its subsidiaries were added to OFAC's list of designated nationals subject to sanctions. https://www.coindesk.com/policy/2022/04/21/bitriver-calls-ofac-sanctions-unfair-anti-competitive-move-to-benefit-us-miners/
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