In Russia, from this winter, cryptocurrency mining will be suspended in the Irkutsk region, Buryatia, Transbaikal, the North Caucasus, including Chechnya and Dagestan, as well as in Russian-controlled Ukrainian regions. The restrictions in Siberia will be in effect from December 1 to March 15, 2025, in the North Caucasus and the occupied territories – year-round from December 2024. Russia uses 16 billion kWh annually for mining, which accounts for 1.5% of total energy consumption. New tax and registration requirements for miners have been implemented.
11/21/2024 11:36:16 AM (GMT+1)
Russia bans cryptocurrency mining in several regions of the country from December 2024 to March 2031, including Siberia and the occupied Ukrainian regions. ⚡
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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