The Japanese crypto mining operator SBI Crypto has reportedly severed its links with the Russian mining firm BitRiver – following pressure from Washington-based lawmakers.
As reported, American diplomats last month contacted Japanese firms and regulators to complain that “several” Japanese crypto exchanges were still running in the aggressor state of Russia, as were a number of mining outfits. Some Japanese firms have set up rigs in Siberia, taking advantage of low energy prices and minimal cooling costs. Others have partnered with Russian firms, who have operated mining centers on behalf of Japanese clients. One such firm is believed to be BitRiver, which operates in the crypto mining hub of Bratsk, in the Irkutsk Oblast (Southeast Siberia).
The American diplomats, however, have warned these Japanese firms that they risk violating international sanctions if they fail to cut their ties with Russia and Russian firms.
A number of crypto players have responded to these calls from...
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