Russian Government Imposes Restrictions on Crypto Mining Operations in Certain Regions
news
1 min read
Russia Bans Crypto Mining in Key Regions Starting 2025
The Russian government has announced a ban on crypto mining in several regions of the country starting January 1, 2025. The move is intended to address energy imbalances and electricity subsidies by imposing seasonal restrictions in major mining regions to avoid power shortages.
The affected areas include Dagestan, Ingushetia, Chechnya, and the Donetsk and Luhansk People’s Republics, where mining operations are considered to be contributing to electricity shortages and imbalances. Additionally, Irkutsk, Buryatia, and the Trans-Baikal Territory will also see restrictions on their crypto mining activities.
Under these new regulations, mining operations in these regions will be halted during peak energy consumption periods from January 1 to March 15 in 2025 and from November 15 to March 15 in subsequent years.
Source: cryptobriefing.com
