Russian crypto mining firm BitRiver takes a swing at US Treasury

– BitRiver, a Russian BTC mining infrastructure provider, is considering appealing US Treasury sanctions that claim the company helped Moscow evade international restrictions.
– BitRiver denies the claims, saying they are based on false and unfounded information. The company also says that legally speaking, it shouldn’t be subject to the sanctions because it’s a private company, not a federal entity.
– BitRiver is looking to turn the tables on the Treasury and bring some charges of its own, claiming that the Treasury is lobbying for the US mining industry and promoting unfair competition, which breaks World Trade Organization (WTO) rules.
– The US Treasury’s Office of Foreign Assets Control (OFAC) wants to sanction BitRiver on the grounds that crypto mining firms are selling their mining capacity internationally, which is helping Russia to monetize its natural resources.
– BitRiver claims that because of the sanctions, it’s struggling with its public image and says its newfound reputation is damaging the company and international business.

 

 

Protos Artwork BitriverRusUS SIMG Russian crypto mining firm BitRiver takes a swing at US Treasury
Russian crypto mining firm BitRiver takes a swing at US Treasury 2

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