Viewpoint: If Trump imposes comprehensive tariffs, Russia may become the main beneficiary of BTC mining

Odaily Planet Daily News: Russian Bitcoin mining technology company Luxor predicts that if Trump imposes comprehensive tariffs on the supply chain of the Bitcoin industry, Russia will be the main beneficiary. In addition, benefiting from the advantage of energy costs and the gradual relaxation of cryptocurrency regulation, Bitcoin mining activities in Russia have significantly increased. Despite facing sanctions from Western countries, the Russian government is still pushing for the legalization of cryptocurrencies, especially in international payments and mining. Experts point out that although Russia has made progress in the field of cryptocurrency, using cryptocurrency to evade sanctions on a large scale remains challenging due to market liquidity restrictions. （The Block）