US Asks Japan to Help Crypto Miners Cut Their Links With Russia

The United States has asked Japan for help in severing cryptocurrency exchanges and miners from Russia.
 US Asks Japan to Help Crypto Miners Cut Their Links With Russia
READING NOW US Asks Japan to Help Crypto Miners Cut Their Links With Russia

The United States has asked Japan for help in severing cryptocurrency exchanges and miners from Russia.

According to the report of the Financial Times, the USA asked Japan to stop its cryptocurrency mining activities, especially in the Irkutsk region in Siberia.

The Irkutsk region in Siberia is known for being preferred for cryptocurrency mining operations due to its low temperature and cheap hydroelectric power.

According to the Financial Times sources, the Japan Financial Services Agency reiterated requests from the Japanese exchanges they oversee to cease such dealings.

The sources also stated that some Japanese exchanges and crypto mining businesses are developing complex subsidiary networks to maintain Russian operations.

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