๐ท๐บ Putin's Bitcoin Mining Crackdown: Safeguarding Russia's Power Grid โก
Russian President Vladimir Putin is taking action against the surge in unregulated Bitcoin mining, which poses a threat to the country's power supply.
๐ Key Concerns:
- Power Outages:Unchecked mining could lead to shortages in regions like Irkutsk and Buryatia.
- Rising Consumption: Crypto mining uses 16 billion kilowatt-hours annually, 1.5% of Russiaโs electricity.
๐ Proposed Solutions:
- Stricter Regulations: Control power use and prevent grid overload.
- Tax and Tariff Rules: Implement fair taxation for mining operations.
๐ฆ Digital Ruble Success:
- Tested by 12 banks across 11 cities, proving its efficiency and readiness for expansion.
โ ๏ธ Urgent Action Needed:- Federal Laws: Putin calls for quick decisions to protect infrastructure.
๐ The Bottom Line
- As Russia attracts miners with low electricity prices, balanced regulations are crucial to sustain growth and prevent energy crises.
Stay informed on how these changes impact the crypto landscape!
