Siberia’s DIY cryptocurrency miners

Sequoia Capital plans to move deeper into cryptocurrency markets and has earmarked at least $500mn for investments in cryptocurrency assets, and a global financial regulator says that policymakers must act quickly to craft rules for digital asset markets. Plus, the FT’s Moscow correspondent, Polina Ivanova, reports that Siberia has become home to a cottage industry of DIY cryptomining fuelled by cheap electricity. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Sequoia earmarks $500mn for push into cryptocurrency marketsGlobal financial watchdog calls for ‘urgent’ action to contain crypto risksIn Siberia, a crypto boom made of ingenuity, defiance and DIYThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.