[Russian Central Bank Admits Cryptocurrency Mining May Boost Ruble Appreciation] Odaily Planet Daily News – Elvira Nabiullina, Governor of the Russian Central Bank, recently stated that cryptocurrency mining could be an additional factor supporting the ruble exchange rate. However, since most of the industry remains in a gray area, its specific impact is difficult to quantify. Presidential Administration official Maxim Oreshkin previously pointed out that insufficient estimation of financial liquidity related to cryptocurrency mining might lead to inaccurate predictions of the ruble exchange rate. According to industry associations, Russia is currently the world's second-largest cryptocurrency mining country, accounting for over 16% of global hash power. Starting November 1, 2024, Russia has implemented new regulations allowing legal cryptocurrency mining by registered legal entities and individual enterprises listed in a special registry, while setting clear restrictions on energy consumption and income reporting.