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Financemagnates

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Russia Bans Crypto Mining in 10 Regions for 6 Years Following Putin's Signed Law

  • Russia has approved a ban on cryptocurrency mining in 10 regions from January 2025 to March 2031.
  • The ban aligns with cryptocurrency mining laws signed by President Vladimir Putin in August and October 2024.
  • Seasonal restrictions will also be enforced in three Siberian regions during energy consumption peaks.
  • The new law in Russia legalizes cryptocurrency mining but imposes regulations on the sector.

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