News Explorer — Russia Bans Some Bitcoin Mining Over Electricity Concerns

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Oct 31, 12:34 pm

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Russia Bans Some Bitcoin Mining Over Electricity Concerns

Russia, after legalizing crypto mining in 2024, now plans to ban the practice in regions facing electricity shortages until 2030. The ban comes as a result of scarce zones in areas like the Far East and Siberia, where mining will be prohibited at the state level.

Russia, after legalizing crypto mining in 2024, now plans to ban the practice in regions facing electricity shortages until 2030. The ban comes as a result of scarce zones in areas like the Far East and Siberia, where mining will be prohibited at the state level.

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