The Russian Central Bank's attitude has reversed: Bitcoin mining becomes a stabilizer for the ruble.

[Block Rhythm] The Central Bank of Russia has released significant news - this institution, which once had a firm stance, now officially recognizes the actual pumping effect of the Bitcoin mining industry on the stability of the ruble exchange rate.

Elvira Nabiullina, the Governor of the Central Bank of Russia, revealed in a recent interview with the Royal Bank of Canada media that the value flow generated by the mining industry has become an auxiliary factor that supports the national currency and cannot be ignored. How significant is this shift? Think about it—going from advocating a complete ban on cryptocurrencies in the past to now considering the mining industry as part of macroeconomic variables is simply a 180-degree policy turnaround.

Nabiulina also admitted the difficulties: due to a significant part of the mining business operating in a legal gray area, it is indeed still very difficult to accurately quantify the impact of this. But she has clearly seen the value in it, no longer simply rejecting it, but treating it with a more realistic attitude.

This softening of policy reflects the actual demands of Russia facing extreme economic pressure. In the environment of international sanctions, traditional financial channels are restricted, and this country has begun to pragmatically seek alternative financial exports. The foreign exchange inflow brought by Bitcoin mining has indeed played a role in managing liquidity and stabilizing the exchange rate.

This case also provides a revelation for global regulators: crypto assets and the mining industry are not necessarily a disaster; with the right approach, they can become economic tools.