Putin aide says crypto belongs in Russia’s trade books – DL News
- Crypto ‘plays a significant role in Russian economy,’ expert claims
- Bitcoin mining is an ‘undervalued export sector,’ says Oreshkin
- Russian firms have invested $1.3b in crypto mining infrastructure
A leading aide to Russian President Vladimir Putin says crypto should be included in the country’s balance of payments calculations, and has called crypto mining an “undervalued export sector.”
Balance of payments are quarterly or yearly statistical records of economic transactions between a country’s residents and corporations and overseas nations. In Russia, the central bank’s statistics department compiles and publishes these figures, which are often used to calculate the health of a country’s economy.
But Maxim Oreshkin,…
