Russian Central Bank Governor Elvira Nabiullina stated that while Bitcoin mining might indirectly support the ruble, the sector remains largely unregulated. She clarified that the ruble's recent strengthening is not linked to mining activities, which have been growing since before 2025. Although mining is now legal in Russia, entities must register with the Federal Tax Service (FTS). Nabiullina highlighted ongoing collaboration with the Ministry of Finance to establish comprehensive crypto regulations, including measures to counter the financing of terrorism. Despite increased interest in risk-on assets, she stressed the importance of obtaining clearer data to evaluate the economic impact of Bitcoin mining.