Russia has extended a ban on domestic crypto mining by 6 years due to rising energy consumption. 🚫 The government has banned mining in certain regions from 2025 to 2031. The decision is driven by the country’s need to maintain its energy balance. Last year, Russia became the second-largest crypto miner after the US, consuming 16 billion kilowatt-hours of electricity annually. ⚡ The ban is aimed at reducing energy imbalances.