Russia's First Deputy Prime Minister Igor Shuvalov has revealed that discussions are underway regarding the creation of government centers for cryptocurrency mining, according to local publications.
The Russian First Deputy Prime Minister Igor Shuvalov, who is the most senior member of the cabinet besides the Prime Minister, reportedly said that his government is discussing the creation of government centers for mining cryptocurrency, RBC reported last week.
Regarding cryptocurrency mining, "We talked about the future of this sector in Russia, given that it is developing so rapidly in the world," he said.
RMC is a company co-owned by one of Vladimir Putin's advisors, internet ombudsman Dmitry Marinichev, who said that "Russia has the potential to reach up to 30 percent share in global cryptocurrency mining in the future."
Ethereum Foundation supervisory board member Vladislav Martynov explained that "The growing interest in mining in Russia is due to the fact that there is an excess of electricity in the country and it is cheap enough."
Do you think the Russian government will go through with setting up cryptocurrency mining centers? Let us know in the comments section below.
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