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Russia Enacts Six-Year Crypto Mining Ban in Energy-Strained Regions

  • The Russian government has approved a six-year ban on cryptocurrency mining in certain regions, effective January 1, 2025, until March 15, 2031, as reported by TASS.
  • The ban includes regions such as Dagestan, Ingushetia, and occupied Ukrainian territories, according to a government decree.
  • The restrictions aim to balance energy consumption while meeting industrial needs, as reported by TASS.
  • President Vladimir Putin signed a law in October that allows the government to impose mining bans due to concerns over power shortages, particularly in the Irkutsk region.
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CryptocurrencyCryptocurrency
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