Major Russian broker Finam plans to launch crypto mining fund as soon as this week
Crypto Briefing
Major Russian broker Finam plans to launch a new crypto mining fund on the Moscow Exchange this week.Summary
Finam, a major Russian broker, has registered a new crypto mining fund with the central bank and intends to begin trading shares on the Moscow Exchange this week. The fund's mining infrastructure, located in Mordovia, utilizes modern miners and cost-effective, gas-based energy solutions to generate Bitcoin for clients, potentially incorporating DeFi tools. Finam President Vladislav Kochetkov projects a 40% dollar return from next year, with the firm also considering other crypto products like structured bonds. Russia permits registered funds to hold stakes in mining operations under Bank of Russia supervision, favoring gas-powered facilities for expense reduction.
(Source：Crypto Briefing)