Russia plans further mining bans in three regions

Moscow might impose crypto mining bans in Karelia, Penza, and Khakassia, with a choice anticipated by Might 2025.

The Russian Power Ministry is considering crypto mining bans in three extra areas as local electricity grids face mounting stress.

Areas into account for the ban embrace Karelia, Penza Oblast, and a part of Khakassia. A call on potential restrictions is anticipated by Might 2025.

The Russian authorities has already imposed mining restrictions in a number of areas. On 1 January 2025, mining was banned throughout the winter months in 10 areas, together with elements of Southern Siberia and the North Caucasus.

Moreover, in April, Moscow launched its first year-round ban on crypto mining within the southern a part of the Irkutsk Oblast, the nation’s main Bitcoin mining hub.

As the talk continues, some industrial miners in Karelia argue that taxes and differentiated tariffs can be more practical than outright bans. They counsel that Moscow ought to have interaction with miners to discover a extra balanced resolution, reasonably than imposing harsh restrictions.

The Karelia Chamber of Commerce has urged a broader dialogue with companies earlier than any selections are made.

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