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News Explorer — Putin Warns That Failure to Regulate Crypto Mining in Russia Could Lead to Electricity Disruptions

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Jul 17, 5:44 pm

www.politico.eu

Putin Warns That Failure to Regulate Crypto Mining in Russia Could Lead to Electricity Disruptions

Russian President Vladimir Putin has warned that if the government fails to regulate crypto mining, the country could face electricity disruptions. Crypto is commonly used by Russians living abroad to bypass Western sanctions and make donations to Russian military units. Putin has instructed the government to take necessary actions, including implementing regulations and addressing taxation and tariff issues.

Russian President Vladimir Putin has warned that if the government fails to regulate crypto mining, the country could face electricity disruptions. Crypto is commonly used by Russians living abroad to bypass Western sanctions and make donations to Russian military units. Putin has instructed the government to take necessary actions, including implementing regulations and addressing taxation and tariff issues.

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