U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
https://ift.tt/KjVXrHf
For the first time ever, the U.S. Department of the Treasury is taking aim at [bitcoin](https://ift.tt/Szhb1Nvbitcoin/) miners operating in Russia as the country’s war on Ukraine approaches its third month.
Among the companies targeted by U.S. sanctions is BitRiver, which was founded in 2017, and as the name implies, operates its mining farms with hydroelectric power. The mining firm employs over 200 full-time staff in three offices across Russia.
“These US actions should obviously be viewed as interference in the crypto mining industry, unfair competition and an attempt to change the global balance of power in favor of American companies,” said BitRiver founder and CEO Igor Runets, adding that the company “has never provided services to Russian government institutions and has not worked with customers already targeted by Washington’s sanctions.”
Cryptocurrency
