The United States demanded that Japan stop mining cryptocurrencies in Siberia

Financial Times: The United States called on Japan to ban the mining of cryptocurrencies in Russia, the bitcoin exchange rate:

The United States called on Japan to increase pressure on local cryptocurrency exchanges and miners to sever all ties with Russia, the Financial Times reports, citing sources.

The American side turned to more than 30 officially registered crypto exchanges in Japan, which continue to operate in Russia. The US has also called on Tokyo to ban cryptocurrency mining in Siberia. This region is popular among miners because of cheap hydroelectric power and low temperatures.

Bitcoin from TradingView After that, the Financial Services Agency (FSA) of Japan demanded that the exchanges sever all ties with Russia, sources told the publication.

Some exchanges and miners have created a “complex network of subsidiaries” to continue operating in Russia.

Earlier it was reported that the prolonged downturn in the cryptocurrency market makes it difficult for some miners to repay loans worth up to four billion dollars. This creates a potential risk for large crypto lenders.

The founder and chief investment officer of Absolute Strategy Research, Ian Harnett, previously predicted a further drop in the bitcoin exchange rate to the level of 13 thousand dollars per unit.