Follow Us @
Bitcoin mining is banned in 10 regions of Russia
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
From January 1, 2025, Russia will implement a total ban on Bitcoin mining in ten regions of the country. The measure, approved by the Russian government, will remain in force until March 15, 2031. The action represents one of the regulatory actions more restrictive in the cryptoactive sector in the world.
According to the TASS news agency, the total ban will apply to regions such as Dagestan, Ingushetia, Chechnya and the self-proclaimed Republics of Donetsk and Lugansk.
Other partially occupied areas in Ukraine, such as Zaporizhzhia and Kherson, will also be impacted by the ban. The new regulation affects both mining pool operations and individual activities of mining.
In contrast, three Siberian regions — Irkutsk, Buryatia and Zabaikalsky — will only face seasonal restrictions during peak winter energy consumption.
Bitcoin Mining in Russia
In the first year, restrictions run from January 1st to March 15th. In the following years, the government will extend the ban, covering the period from November 15th to March 15th.
The government described the final measure as more balanced compared to the initial November proposal, which provided for a ban on 13 regionsincluding Irkutsk — considered one of the main mining centers in Russia.
Therefore, allowing operations to continue in the region, even with restrictions, reflects a commitment to protect the interests of important players in the sectorsuch as BitRiver, which has operated the country’s largest data center in Irkutsk since 2019.
According to the government, the decision to imposing restrictions seeks to balance energy demands and environmental pressureswithout completely destabilizing the mining industry in the country.
The measure points out that the regions affected by the total ban include some politically sensitive areas, while the seasonal restrictions in Siberia reflect an attempt to mitigate economic impacts in regions with a heavy dependence on mining.
Experts believe that the measure could boost the development of more energy-efficient technologies.
Bitcoin mining is banned in 10 regions of Russia
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Bitcoin mining is banned in 10 regions of Russia
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Bitcoin mining is banned in 10 regions of Russia
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Bitcoin mining is banned in 10 regions of Russia
