PotentialYear-Round Ban
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Here's the information about the Russia's potential ban on cryptocurrency mining in the Irkutsk region as reported on Binance Square
Potential Year-Round Ban: The Irkutsk region, Russia's largest Bitcoin mining hub, is considering a year-round ban on all cryptocurrency mining activities starting April 1, 2025.
Duration: This ban could potentially last until mid-2031.
Affected Area: The ban would specifically apply to the southern part of the Irkutsk region in Siberia.
Reasoning: The ban is likely due to concerns about energy shortages in the region, as large mining facilities in southern Irkutsk consume a significant amount of electricity (approximately 650 megawatts).
Impact: Industry insiders are concerned that a complete ban would create significant challenges for existing mining centers, making it difficult for them to relocate due to network connectivity issues in other regions and existing winter bans in neighboringareas.
Previous Restrictions: It's worth noting that there was a temporary winter ban on crypto mining in the southern Irkutsk region, as well as other regions in Russia, that was in effect from January 1, 2025, to March 15, 2025.
This information was reported on Binance Square on March 31, 2025.
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