New six-year ban targets mining operations in energy-strained areas like Dagestan and Chechnya, starting January 2025.
Mining Ban Across 10 Regions
Russia has approved a six-year ban on cryptocurrency mining in 10 regions, starting January 2025. This prohibition applies to individual miners and mining pools in territories such as Dagestan, Chechnya, and the Donetsk and Lugansk People’s Republics.
Seasonal Restrictions in Siberia
Siberian regions like Irkutsk, Buryatia, and Zabaikalsky face seasonal mining limits to prevent winter energy shortages. Initially set for January to mid-March 2025, these restrictions may expand in the coming years.
Energy Concerns Drive Policy
The mining ban aligns with Russia’s energy conservation goals. Earlier proposals considered broader bans in 13 regions, including Irkutsk, a key hub for major mining firms like BitRiver.
Balancing Regulation and Growth
Russia’s evolving crypto policies aim to balance energy stability with the industry’s economic potential. The impact of these restrictions on local mining operations remains to be seen.
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