Russia Hits Pause on Expanding Crypto Mining Restrictions
In a surprising shift, Russia has shelved plans to widen its crackdown on crypto mining, choosing economic stability over stricter energy controls.
The government backed away from expanding its regional mining bans after concerns emerged about declining tax revenues and underused energy infrastructure.
The change came during a meeting of the federal energy commission, where authorities reconsidered requests from regions seeking year-round mining restrictions. Proposals from Karelia, Penza, and Khakassia were either withdrawn or rejected, while decisions on Buryatia and Zabaykalsky Krai were postponed.
Instead of broadening the ban, officials are now focusing on a new approach: relocating mining operations to power-rich…
