Russia to Enforce Regional Crypto Mining Restrictions Starting January 2025

Russia to Enforce Regional Crypto Mining Restrictions Starting January 2025

A draft resolution proposed by the Russian government would severely restrict cryptocurrency mining in a few areas. The legislation, which targets energy-intensive sectors including mining and mining pool participation, will be in force from January 1, 2025, until March 15, 2031. The prohibition will notably impact Dagestan, Ingushetia, Chechnya, Kabardino-Balkaria, and North Ossetia, according to TASS reports. The Luhansk and Donetsk People'...

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