U.S Treasury Sanctions Russian Bitcoin Miners Today

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  • The U.S Treasury is applying sanctions against bitcoin mining in Russia.
  • The sanctions seek to impede the capacity for individuals to receive fiat payments, as well as computer hardware by applying pressure on the supply chain and payment processors.
  • According to the University of Cambridge, Russia is the third-largest country in the world 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.