đĄ Russia bans cryptocurrency mining in a number of regions!
From January 1, 2025, mining in Dagestan, Chechnya, Ingushetia and other republics of the North Caucasus is officially banned đŤ. The restrictions also affected parts of the Irkutsk region, Buryatia and the Zabaykalsky Krai during periods of peak energy consumption đĄď¸âĄ.
Why is this important?
The government is seeking to maintain an energy balance by protecting industry and residents from grid overloads âď¸. Decisions will be adjusted by a special commission depending on changes in energy demand đ.
âł Time range: the ban will last until March 15, 2031.
đ And how will this affect the crypto industry? Miners will be forced to look for new regions or switch to more energy-efficient technologies.
Write in the comments what you think about this step! đŹ
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