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Russia Enacts Ban on Crypto Mining Operations in 10 Regions, Hints at Expansion
The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently approved enacting a ban on crypto-mining operations in several regions of the country, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, Zaporizhia and Kherson regions.
In the issued resolution, the Russian cabinet also specifies that certain areas will be subject to a seasonal ban in other regions, limiting the activity from January 1 to March 15 in 2025, and from November 15 to March 15 in the next years. The bans will start being applied on January 1 and will be in effect until March 15, 2031.
The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently approved enacting a ban on crypto-mining operations in several regions of the country, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, Zaporizhia and Kherson regions.
In the issued resolution, the Russian cabinet also specifies that certain areas will be subject to a seasonal ban in other regions, limiting the activity from January 1 to March 15 in 2025, and from November 15 to March 15 in the next years. The bans will start being applied on January 1 and will be in effect until March 15, 2031.
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