Russia Bans Crypto Mining in Occupied Ukraine and Siberia
Russian authorities plan to prohibit crypto mining in occupied Ukrainian territories, marking a new regulatory step as the conflict surpasses 1,000 days.
Russian’s Deputy Prime Minister Alexander Novak convened a meeting with senior officials to address the country’s strained electricity supply during the peak autumn and winter seasons. The focus included the energy challenges driven by crypto mining, particularly in regions with limited power capacity.
Russia’s Crypto Mining Restrictions Can Last Till 2031
According to reports from the Moscow Times, the proposed ban will cover territories under Russian control, including Donetsk, Lugansk, Zaporizhia, and Kherson. The government aims to curb mining activities in…
