The Russian government announced that starting from 2025, it will completely ban cryptocurrency mining in 10 regions and implement seasonal restrictions on certain high-energy-consuming areas to balance energy consumption and electricity cost fairness. This ban is expected to last until 2031. (Background: A proposal in the Russian parliament to 'include Bitcoin in strategic reserve assets' as a countermeasure against international economic sanctions) (Additional context: Trump warned that if BRICS countries dare to 'de-dollarize', they will face a 100% tariff!) Today (24th), the Russian government announced that from January 1, 2025, cryptocurrency mining will be banned in 10 regions, with the ban lasting until March 15, 2031. The main goal is to balance energy consumption and industrial demand. Areas and scope of the mining ban According to the Russian cabinet's decision, the regions where digital currency mining is prohibited include: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Luhansk, Zaporizhzhia, and Kherson. Additionally, certain areas of the Irkutsk region, the Republic of Buryatia, and the Transbaikal region will temporarily restrict mining activities during peak energy consumption periods (from November to March of the following year). Extended reading: Russia's legalization of Bitcoin mining, what is behind Putin's accelerated embrace of cryptocurrencies? Considerations behind the policy The Russian cabinet stated that the policy will be adjusted according to actual conditions by the government's electricity industry development committee. The main goal is to address local energy shortages while considering electricity distribution and industrial demand. Experts analyze that the restriction on mining is closely related to the electricity subsidy policies in some areas of Russia. Sergey Kolobanov, deputy director of the Fuel and Energy Sector at the Center for Economic Development, pointed out that the current 'interregional cross-subsidy' system results in low electricity costs in some areas being borne by users in other areas, which affects national energy fairness. Professor Klimanov from the Regional Policy Center of the Presidential Academy IPEI pointed out that this measure will improve the imbalance in electricity payments in Russia and enhance economic fairness among different regions. 'Traditionally, residents and businesses in central Russia need to subsidize the low electricity costs in North Caucasus and Far East regions, leading to inequality,' he stated, adding that the new policy is expected to bring more stability and equality to the local economy. Relevant regulations Since November, Russia has legalized cryptocurrency mining activities, but they must comply with Federal Tax Service (FTS) regulations and submit detailed asset and wallet address information. Individual miners are limited to a monthly electricity consumption of no more than 6000 kWh to reduce pressure on the Russian electricity grid. Related reports: The Russian parliament's proposal to 'include Bitcoin in strategic reserve assets' as a countermeasure against international economic sanctions. The ruble has 'collapsed' to its lowest level since the start of the Russia-Ukraine war! The central bank urgently calls for a halt to currency exchange, and experts say: The Russian economy is on the brink of collapse. Sun Yuchen attended the Russia The Trends summit: In the second decade of the cryptocurrency industry, public blockchain ecology will develop rapidly. 'Russia announces a ban on mining in 10 regions until 2031, fearing the electricity grid being drained.' This article was first published on BlockTempo (the most influential blockchain news media).