In a significant policy shift, Russia has announced a comprehensive ban on cryptocurrency mining across ten key regions, including Dagestan, Chechnya, and the Donetsk and Lugansk People’s Republics. This decision marks a critical juncture for one of the world’s most resource-rich nations, which has positioned itself as a formidable player in the global cryptocurrency arena. […]
Russia to Ban Cryptocurrency Mining in Regions with Power Shortages
In a significant development, Russia has announced that it will ban cryptocurrency mining in regions facing severe electricity shortages. This decision, conveyed by Deputy Energy Minister Evgeny Grabchak, targets several key regions including the Far East, southwestern Siberia, and southern parts of the country, which are struggling to maintain adequate energy supplies until at least […]