Golden Finance reported that Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining. He explained that this is because of the energy surplus in regions such as Siberia that can be used, but he also warned that these activities should not hinder the development of the region. According to a report by Sergey Bezdlov, chairman of the Industrial Mining Association, Russia produced 54,000 Bitcoins in 2023, bringing more than $550 million in tax revenue to the country. However, Bezdlov assessed that this number will increase due to the influx of new investors in the field due to the recent approval of the cryptocurrency mining law.