Is Crypto Mining Equivalent to Counterfeiting?

Is Crypto Mining Equivalent to Counterfeiting

The head of VTB, Russia’s second-largest bank Andrey Kostin has compared cryptocurrency mining with counterfeiting. He said, “I am not a big fan of the crypto ruble. To me, this is a kind of counterfeiting. A person who is mining [cryptocurrencies] is similar to someone who is printing money. During the initial euphoria, everyone thought that everything can be paid in crypto.”

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