President Putin blames energy deficits for the creeping ban on crypto mining across Russia
President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto mining across his country.
Putin’s comments on the matter follow a recent increase in electricity prices which, as analysts predict, is likely to affect the business of companies mining Bitcoin in the Russian Federation.
Governors asked for it, Putin says of Russian mining ban
Electricity shortages resulting from the rapid growth of crypto mining are the main reason for Moscow’s decision to ban the activity in certain regions, Russian President Vladimir Putin explained during an event devoted to discussing development initiatives.
Local officials dealing with the issue have been urging the…
