Wu said that according to TASS, from January 1, 2025, 10 Russian regions (Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhia and Kherson regions) will impose a complete ban on cryptocurrency mining for six years. The ban will last until March 15, 2031. Russian lawmakers also approved seasonal restrictions in major cryptocurrency mining areas to prevent power outages. These restrictions are in line with the Russian cryptocurrency mining laws signed by the president in August and October 2024.