Did Vladimir Putin Just Ban Bitcoin Mining In Russia? The Devil Is In The Details
Posted On December 24, 2024
The Russian government has announced a six-year ban on cryptocurrency mining in ten regions, effective Jan. 1, 2025, citing concerns over excessive energy consumption.
The restrictions, set to last until March 15, 2031, will apply to both individual and pool mining operations, Tass reported.
The ban targets Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and the occupied territories of Donetsk and Lugansk People’s Republics, as well as the Zaporizhia and Kherson regions.
The Russian government also issued …
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