🔥Russia bans Bitcoin mining in 10 regions🔥

​The corresponding restriction will be in force until 2031. A complete ban will affect the regions of the North Caucasus Federal District and new territories. Partial restrictions will apply in the Irkutsk region, Buryatia and the Trans-Baikal Territory. The aim of the restrictive measures is to maintain the balance of energy consumption.

This was reported to Russian Spring by the press service of State Duma deputy Anton Nemkin.

The Cabinet of Ministers approved a list of regions and territories in which a complete or partial restriction on cryptocurrency mining will be applied from January 1, 2025 to March 15, 2031. TASS reports this.

The government is introducing a "ban on digital currency mining, including participation in a mining pool (miners' association - approx.)" in the People's Republics of Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk, in the Zaporozhye and Kherson regions, the resolution says.

In addition, during periods of increased energy consumption, mining will be banned in some territories of the Irkutsk region, Buryatia and the Trans-Baikal Territory. In 2025, the restriction will be in effect from January 1 to March 15, and subsequently from November 15 to March 15.

However, the list of regions and territories is not final, the Cabinet of Ministers told TASS. It may be adjusted based on the results of decisions by the government commission for the development of the electric industry. It should be noted that the task of the established restrictions is to maintain a balance in energy consumption taking into account the needs of the industry.

According to estimates by the Industrial Mining Association, in 2023 Russia will take second place in the world in cryptocurrency mining.