Showing posts with label Slovakia. Show all posts
Showing posts with label Slovakia. Show all posts

November 12, 2017

40 foreign companies ask to allow Bitcoin production in Russia

By Olga Novikova - November 12, 2017 (

Many companies in China and the European Union asked the Russian authorities to give permission for Bitcoin mining in the country.

In Russia, at the moment, the production of crypto currency has become quite a common occupation, but there are still large energy capacities that will suffice for foreign mining companies.

The Russian Association of Crypto-Currency and Blockchain (RACIB) has received 40 applications from various companies and individuals for the placement of mining equipment in the country for Bitcoin mining. The president of the association, Yuri Pripachkin, said: "In Russia, there are hundreds of companies in our country and enough resources to accommodate other companies."

RACIB is an association formed in August, created to unite the owners of Blockchain and miners, as well as investors of crypto-currencies. On its formation, adviser to the President of the Russian Federation Herman Klimenko.

Pripachkin commented on crypto-currency production in Russia: "In fact, this is a completely new market for companies. But it is necessary to make the platform at the legislative level and work out possible tax options for foreign investors. "
According to the director of the association Arseniy Sheltsin, "The organization created a committee of participants in the mining market with the participation of representatives of Slovakia and China". Pripachkin believes that Russia can become the world capital of the mining markets.