Russia Bans Crypto Mining in 10 Regions for 6 Years

BlockBeats News, December 24th. According to a report from TASS, starting from January 1, 2025, ten regions in Russia (Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhzhia and Kherson Oblasts) will completely ban cryptocurrency mining for a period of six years. This ban will be in effect until March 15, 2031.

Russian lawmakers have also approved seasonal restrictions in the main cryptocurrency mining regions to prevent power outages. These restrictions align with the Russian cryptocurrency mining law signed by the President in August and October 2024.