The Russian government has extended the ban on cryptocurrency mining in several regions until 2031 due to increasing energy consumption. 🚫💡 The list of regions, including Dagestan and Chechnya, may change depending on the development of the energy sector.

The ban is related to the need to balance energy consumption, as cryptocurrency mining accounts for 1.5% of the total energy consumption in the country. Last year, Russia became the second largest miner in the world.