In a move to balance technological development and ensure energy security, the Russian government has decided to ban cryptocurrency mining for 6 years in certain regions. The ban will take effect from January 1, 2025, and will end on March 15, 2031.

The ban on cryptocurrency mining will apply in 10 regions and territories including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk People's Republic, and Luhansk, along with the two regions of Zaporizhzhia and Kherson.

In the context of a world increasingly shifting towards digitization, Bitcoin has emerged as an essential strategic asset. Notable moves from superpowers like the United States and Russia are opening a new chapter in global competition, which could be called the 'Bitcoin Cold War.'

⭐U.S. Bitcoin Reserve Plan

Recently, Trump confirmed the U.S. government's Bitcoin reserve plan, predicting that the value of Bitcoin could soar to 15 trillion USD. This not only marks a shift in U.S. financial policy but also reflects the growing recognition of Bitcoin's role in the global economy.

At the 15th "VTB Russia Calling" investment conference in Moscow, Russian President Vladimir Putin affirmed that Bitcoin and digital assets will continue to thrive despite attempts to ban them. He emphasized, "No one can ban Bitcoin, nor other digital assets."

Putin compared Bitcoin to early electronic payment methods, which also faced skepticism and prohibition. According to him, time will prove that these new technologies cannot be stopped. He also highlighted the "vitality" of these technologies, emphasizing that they will exist and develop despite all fluctuations of the US dollar (USD).