The US Department of the Treasury has imposed sanctions on cryptomining company BitRiver, targeting one of the industry’s largest data-center service providers over its operations in Russia in its first such action.
The Switzerland-based firm offers energy sources, mining facilities and large-scale management solutions to bitcoin miners around the world, including those in eastern Europe and Russia. Such regions have been among one of the most popular destinations besides North America for miners that were forced out of China due to Beijing’s cryptomining ban in May last year.
The Treasury’s action comes just a day after the IMF said in a report