Russia has announced new regulations on cryptocurrency mining, including a ban on mining in 10 regions until 2031. The restrictions, which start in January 2025, are aimed at balancing energy usage and prioritizing industrial demands. Temporary mining restrictions will also be implemented in three other regions during peak energy consumption periods. The government has listed the specific regions where mining will be prohibited, and officials have noted that the list could change based on recommendations. These measures align with Russia's goal of managing energy resources efficiently while allowing for regulated crypto mining. The country legalized cryptocurrency mining in November 2023, requiring miners to register with the Federal Tax Service and abide by energy policies. By imposing these restrictions, Russia aims to integrate cryptocurrency activities responsibly into the economy while prioritizing energy stability.



Other News from Today