Russia will ban crypto mining in 10 regions from January 2025 to address energy shortages and balance electricity use.
The ban will be in place for six years until March 15, 2031.
The ban applies to 10 regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Lugansk People’s Republics, and Zaporizhia and Kherson regions.
The ban may be lifted in the future if energy supply stabilizes.