This news closely followed the recent announcement from Russian Miner Coin (RMC) which plans to raise $100 million worth of cryptocurrency and start a large-scale bitcoin mining operation to compete with China. 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.”

Source: RUSSIA Government’s Cryptocurrency Mining Centers Under Discussion-Shuvalov