Russia is about to usher in a "winter" for cryptocurrency mining! Starting January 1, 2025, 10 regions in Russia will completely ban cryptocurrency mining, and the ban will last until March 15, 2031. This move is aimed at addressing power consumption issues and ensuring grid stability. ⚡

In addition, Russian lawmakers have approved seasonal restrictions in major mining areas to prevent power outages. These measures are consistent with the cryptocurrency mining law signed by the president in 2024. ⛏️

This policy may have an impact on the global cryptocurrency market, but the specific results remain to be seen. 🌍