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Russia just made a quiet Bitcoin move — and it’s bigger than it looks.
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Central Bank of Russia Acknowledges Bitcoin Mining as a Ruble Strengthening Activity The Central Bank of Russia recently referred to the properties of bitcoin mining and how it could help strengthen the Russian ruble. Elvira Nabiullina, head of the institution, stated that it was still difficult to assess the contribution of the activity in this regard. Central Bank of Russia Regards Bitcoin Mining As An Aid to Strengthen the Russian Ruble The Facts The Central Bank of Russia is giving more relevance to the role of bitcoin mining in the local economy and as an element of monetary policy. In a recent meeting, Chairman of the Central Bank of Russia Elvira Nabiullina referred to bitcoin mining and its positive effects on the strength of the Russian ruble’s exchange rate. According to Izvestia, Nabiullina stated: Mining did not appear this year, that is, the strengthening of the exchange rate cannot be associated with the fact that it has somehow grown sharply. It did exist; there is probably some increase. Nonetheless, Nabiullina did acknowledge the relevance of cryptocurrency mining in monetary policy, stressing that it was “really one of the additional factors of the strong ruble exchange rate. One of the additional factors.” She also acknowledged that a significant part of the activity was not transparent, which makes assessing its real effect on the ruble exchange rate very difficult. The Russian government regulated crypto mining activities in 2024 and established a registry for cryptocurrency miners. Nonetheless, a relevant part of the crypto economy remains in a gray zone, away from state oversight. #bitcoin #Web3 #learncrypto #WriteToEarnUpgrade #HotTrends $BTC $ZEC $RAVE
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NASA + GOLD + ASTROID + $700 QuinTrillion
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Country’s top five business groups announce $5 billion investment in Balochistan, Pakistan. The five major business groups of Pakistan - Lake City Holdings, Fatima Group, Deen Group, Hilton Group and Surti Group - have announced investments worth billions of dollars in Balochistan. The market value of these business groups is $5 billion. Globa Core Minerals will invest billions of dollars in the minerals sector in Balochistan as Globa Core Minerals and Mari Minerals Limited have reached an agreement on Saturday, reported 24NewsHD TV Channel. Addressing the ceremony, former federal minister and business icon Gohar Ejaz said with the start of mineral development, era of peace and progress will usher in Pakistan as new doors of job opportunities will be opened and economy of the country will rise. Mari Minerals Limited and Globa Core Minerals have signed an agreement to explore mineral resources. Globa Core Minerals will invest in the mineral sector in Balochistan through a joint venture agreement. Mari Minerals Limited - Mari is a company owned by Mari Energies, while Globa Core Limited has expertise and experience in exploring gold and copper deposits in Balochistan. Under the agreement, investment will be made in the exploration of precious minerals in Chaghi. The former federal minister Gohar Ejaz said that Balochistan is a province rich in mineral resources and local Pakistani companies are investing in Balochistan, which will usher in an era of development and prosperity. Gohar Ijaz said that Balochistan is a province rich in mineral resources and local Pakistani companies are investing in Balochistan, which will usher in an era of development and prosperity. #Pakistan #economy #InvestSmart #GOLD #HotTrends $RAVE $F $BTC
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