Overview
- The Russian government has banned cryptocurrency mining in ten regions, citing high energy consumption and electricity imbalances.
- The ban, effective January 1, 2025, will last until March 15, 2031, and applies to both individual and pooled mining operations.
- Regions affected include Dagestan, Chechnya, North Ossetia, and several occupied territories such as Donetsk and Lugansk People’s Republics.
- Temporary restrictions may also be imposed in other regions during peak energy demand, particularly in winter months.
- Russia legalized crypto mining in November 2024, but this move highlights ongoing challenges in balancing energy use and regional electricity subsidies.