🚹 Crypto Alert: Russia Imposes Six-Year Ban on Mining in 10 Regions 🚹

- Russia has announced a six-year ban on crypto mining in 10 regions, citing high power consumption concerns. This ban will be effective from January 1, 2024, to March 15, 2031.

- Affected areas include Dagestan, North Ossetia, and Chechnya. The list may change based on energy demand assessments by a government commission.

- Despite legalizing crypto mining in July, Russia restricts its use as legal tender but allows cross-border payments to bypass sanctions.

💬 What are your thoughts on this move? Share in the comments!