• Russia has imposed a 6-year ban on crypto mining.
• The crypto mining ban cuts across 10 different regions.
• Russia’s electric energy challenges triggered the crypto mining ban.

The Russian government has reportedly imposed a six-year cryptocurrency mining ban across 10 regions within the federation. The areas affected by the new legislation include Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, and in the Zaporizhia and Kherson.

Additionally, the government imposed a temporary ban on the Irkutsk Region, Buryatia, and the Zabaikalsky Krai. The government will restrict mining operations in those regions during peak energy consumption. Per the report, such periods fall between January 1 and March 15 in 2025 and November 15 to March 15 for subsequent years.…

The post Russia Imposes Six-Year Crypto Mining Ban Across 10 Regions appeared first on Coin Edition.

• Russia has imposed a 6-year ban on crypto mining.
• The crypto mining ban cuts across 10 different regions.
• Russia’s electric energy challenges triggered the crypto mining ban.

The Russian government has reportedly imposed a six-year cryptocurrency mining ban across 10 regions within the federation. The areas affected by the new legislation include Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, and in the Zaporizhia and Kherson.

Additionally, the government imposed a temporary ban on the Irkutsk Region, Buryatia, and the Zabaikalsky Krai. The government will restrict mining operations in those regions during peak energy consumption. Per the report, such periods fall between January 1 and March 15 in 2025 and November 15 to March 15 for subsequent years.…

The post Russia Imposes Six-Year Crypto Mining Ban Across 10 Regions appeared first on Coin Edition.