The new regulations for mining cryptocurrencies are in effect, and Russian companies are not wasting time: there are already 150 registered applications! 💥 Putin's government wants to turn Russia into a global leader in Bitcoin mining, but not without conditions.
💡 Keys to the new legal framework:
Companies must report on the mined cryptos and their wallets.
Applies to those consuming more than 6,000 kWh per month.
Winter restrictions (Dec-Mar) in Siberia and the Caucasus to avoid blackouts.
⚡ Putin makes it clear: regions with energy surpluses have the potential to lead this sector. However, some areas like Siberia and the Far East face serious challenges due to illegal mining, which creates tensions in the power grid.
🔥 What's the plan? According to the government, if Russia wants to be number one in Bitcoin mining, it would have to quintuple its current capacity.
🔗 But here comes the controversy:
Governors of regions like Irkutsk demand a total ban on mining to protect their power grid.
Meanwhile, the occupied territories in Ukraine face severe restrictions due to damage to energy infrastructure.
💬 What do you think? Russia, pioneer or in trouble?
👉 Follow this profile for more updates on Russia's crypto future and the global impact it could have. 🚀
