Russia’s Ministry of Energy has formally put forward a proposal to restrict cryptocurrency mining activities in certain special regions affected by energy shortages, TASS reported.
The official proposal would see the restrictions implemented starting in December this year, said an unnamed source, who stressed: “The Energy Ministry does have a proposal and we will consider it at a government committee meeting on November 18.”
The Ministry of Energy said that the possible restrictions are justified by the expected energy shortages in some regions. The ministry explained that "during the period of expected energy shortages, it is wise to ban cryptocurrency mining in areas where regulatory and fiscal parameters are critical and where electricity prices are subsidized." (Bitcoin.com) #SEC
