September 30, 2022
shutterstock 2168383437

shutterstock 2168383437

SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its equipment and withdraw.

Japan’s SBI Broker to Complete Withdrawal From Russian Mining Industry

Access to low-cost power and suitable climatic conditions made Russia an attractive…

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