Russian government to add cryptocurrency mining to its roadmap for the regulation of the country’s crypto space.
a blanket ban on operations with cryptocurrencies, including mining, citing threats to financial stability and risks for investors.
A major online platform has recently told the business news portal RBC that the number of ads for the sale of coin minting equipment has increased in January while demand decreased. A drop in the purchases of video cards was also registered by Marvel Distribution, one of Russia’s leading retailers of these types of products.
Offers of video cards increased in January by 12% over December as demand for the GPUs decreased by 4%, detailed one of the sources for the report. Supply of mining rigs increased by 18% last month, while demand was down by 9% from the level in the last month of 2021. Listings ofThe shrinking demand has been confirmed by a representative of another marketplace, who noted that the CBR’s report has become a turning point in consumer behavior.
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