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Bitcoin, Russia, and Financial SanctionsRussia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power � September ; Central Bank Of Russia Approves Bitcoin, Ethereum, Others. RussiaCoin (RC) is a cryptocurrency. Users are able to generate RC through the process of mining. RussiaCoin has a current supply of 8,, Cryptocurrency usage in Russia faces restrictions due to legislation, including President Vladimir Putin's law legalizing but banning crypto use for goods.