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CRYPTO MINERS IN CHECHNYA WILL BE TREATED LIKE TERRORISTS IN 2025 SAYS LAWMAKER:
BE WARNED !
A lawmaker in Russia has issued a stern warning to crypto miners in Chechnya, stating that they will be treated like terrorists starting January 1, 2025. This move is part of a broader ban on cryptocurrency mining in several regions in Russia, including Chechnya, Dagestan, Donetsk, Lugansk, Irkutsk, Buryatia, and Zabaikalsky.
The reason behind this ban is the significant energy consumption required for crypto mining, which has led to electricity shortages in these regions. Lawmaker Adam Delimkhanov emphasized that crypto miners will be equated with terrorists because their activities harm society and destabilize electricity supplies.
This ban is set to remain in effect until March 15, 2031.
The Russian government has also signed a crypto circulation bill that gives lawmakers the power to ban cryptocurrency mining in specific regions. Additionally, the bill prohibits ads for companies that provide crypto services and imposes other restrictions.
BE WARNED !
A lawmaker in Russia has issued a stern warning to crypto miners in Chechnya, stating that they will be treated like terrorists starting January 1, 2025. This move is part of a broader ban on cryptocurrency mining in several regions in Russia, including Chechnya, Dagestan, Donetsk, Lugansk, Irkutsk, Buryatia, and Zabaikalsky.
The reason behind this ban is the significant energy consumption required for crypto mining, which has led to electricity shortages in these regions. Lawmaker Adam Delimkhanov emphasized that crypto miners will be equated with terrorists because their activities harm society and destabilize electricity supplies.
This ban is set to remain in effect until March 15, 2031.
The Russian government has also signed a crypto circulation bill that gives lawmakers the power to ban cryptocurrency mining in specific regions. Additionally, the bill prohibits ads for companies that provide crypto services and imposes other restrictions.
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