Russia has imposed a ban on Bitcoin mining in energy-strapped regions until March 15, 2031. The ban, effective from Jan. 1, 2025, covers ten regions, including Dagestan, Ingushetia, and Chechnya. It also extends to parts of the Irkutsk region and Buryatia. The restriction applies during peak energy consumption periods, running from Jan. 1 to March 15 in 2025 and from Nov. 15 to March 15 in subsequent years. The aim is to address local electricity shortages and unpaid energy bills, ensuring efficient allocation of resources. This move follows Russia's recent crypto tax framework implementation, indicating a broader regulatory effort. President Putin's endorsement of Bitcoin signals a strategic economic shift, with crypto serving as a hedge against financial barriers. The legislation provides legal clarity and incentives to boost Russia's digital economy. Iran's digital rial will leverage the Shetab network for faster transactions, enhancing its banking status. El Salvador is championing Bitcoin success, while MicroStrategy faces new governance challenges in the digital asset sphere. The FBI reported a social engineering attack compromising DMM Bitcoin by North Korea's TraderTraitor Group through a Ginco employee. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC