“The Bank of Russia has proposed to ban the issuance, exchange, circulation and production of cryptocurrencies... there are places in Russia where many will not like this ban.

One of such places is Irkutsk.

In recent years, it has been the unofficial capital of Russia's cryptocurrency mining.

Irkutsk owes this informal status to low tariffs for electricity and hydroelectric power plants - there are four of them in the region, ”Leonov notes.

See more on the topic in the video report on the RT YouTube channel.

On January 21, the Central Bank announced possible measures to tighten regulation of the cryptocurrency market in Russia. 

On January 25, Ivan Chebeskov, director of the financial policy department of the Ministry of Finance, opposed the proposed ban on cryptocurrencies in the country by the Central Bank.

He noted that he considers it necessary to introduce regulation of the digital asset market.

Rosfinmonitoring supported the position of the Ministry of Finance.

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