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Russia has banned encryptionMining in 10 regions for a period of 6 years
BlockBeats news, on December 24th, according to the Russian TASS news agency, from January 1, 2025, 10 regions in Russia (Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhia and Kherson Oblasts) will completely ban Cryptocurrency Mining for a period of six years. The ban will last until March 15, 2031. Russian legislators also approved seasonal restrictions in major Cryptocurrency Mining areas to prevent power outages. These restrictions are in line with the Russian Cryptocurrency Mining law signed by the president in August and October 2024.