Russia bans crypto mining in several regions until 2031 – Yahoo Finance

Russia has announced a ban on cryptocurrency mining in certain regions until the year 2031. This decision was made in an effort to regulate the cryptocurrency industry and prevent any potential negative impacts on the country’s energy consumption. The ban will affect regions where there have been concerns about the strain that crypto mining puts on the local power grid. This move is seen as a way to ensure stability and sustainability in the energy sector. The ban is set to remain in place for the next decade, providing clarity and certainty for both the government and cryptocurrency miners operating in these regions.