Russia to Provide Electricity Subsidies to Bitcoin Miners?

Russia to Provide Electricity Subsidies to Bitcoin Miners?

Russia’s complex relationship with digital currency took another interesting turn this week, as news reports suggest that the government is preparing to provide electricity subsidies to its domestic Bitcoin miners.

The Russian news outlet Izvestiya broke the story, as Institute for Internet Development (IRI) project activities director Arseny Shcheltsin reportedly confirmed that authorities are creating a test program to provide the country’s digital currency miners with discounted electricity.

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