As people’s interest in cryptocurrencies continues to grow, Russia has decided to ban mining activities in ten regions across the country. The ban will apply from January 1, 2025 and will remain in place until March 15, 2031.
As a local news outlet reported, the Russian government has approved a list of regions that will ban crypto mining and participation in mining pools. These territories include, among others, Dagestan, Ingushetia, Karachay-Cherkessia, Kabardino-Balkaria, Chechnya, the Donetsk and Lugansk People’s Republics, North Ossetia and the Zaporizhzhia and Kherson regions.
In addition, the Russian government has announced plans to temporarily suspend crypto mining operations in some areas of the Irkutsk region, Buryatia and the Transbaikalia region due to high energy consumption.
Even if the ban is not permanent, it will significantly reduce the interest of…