Buryatia and Zabaykalsky Krai Ban Bitcoin Mining for Five Years
The Russian government imposed a year-round restriction on mining in several districts of the Republic of Buryatia and the Zabaykalsky Krai. The ban will last until March 15, 2031.Information on the prohibition of cryptocurrency mining activities.
Buryatia and Zabaykalsky Krai Ban Bitcoin Mining for Five Years
The Russian government imposed a year-round restriction on mining in several districts of the Republic of Buryatia and the Zabaykalsky Krai. The ban will last until March 15, 2031.
Norway Considers Restricting Bitcoin Mining
The Norwegian government will consider by autumn the possibility of banning the establishment of new cryptocurrency mining enterprises using energy-intensive algorithms like Proof-of-Work (PoW). According to the head of the Ministry of Local Government and Modernisation, Karianne Tung, this activity “offers little to local communities in terms of jobs and income.” “This is energy we […]
Russia to Impose Comprehensive Mining Ban in Zabaykalsky and Buryatia Due to Energy Shortage
The Russian Ministry of Energy plans to extend the ban on cryptocurrency mining in Zabaykalsky and Buryatia. This was stated by Deputy Minister of Energy Yevgeny Grabchak in the podcast “What Will Happen to Mining in Russia?”, reports TASS. The regulatory framework for year-round restrictions has already been prepared, noted the deputy. “This is a […]
Russia Enforces Complete Ban on Cryptocurrency Mining in Southern Irkutsk Region
On April 7th, the Russian government signed a decree imposing a complete ban on cryptocurrency mining in the southern part of the Irkutsk region. This ban will remain in effect until March 15, 2031. The region’s governor, Igor Kobzev, clarified on his Telegram channel that the restrictions apply to 21 districts, the city of Irkutsk, […]
Mining Ban in Russia Reduces Energy Consumption by 300 MW
Restrictions on cryptocurrency mining in several Russian regions have led to an average reduction in energy consumption of 300 MW. This was reported by Kommersant, citing data from the Ministry of Energy. The largest reduction—320 MW—occurred in Siberian regions: parts of the Irkutsk region, Buryatia, and the Trans-Baikal Territory. According to ministry representatives, the mining […]
Russia’s ‘Grey’ Miners Cause Annual Losses of 10 Billion Rubles
Russian illegal miners steal electricity worth billions of rubles annually. MTS combats underground farms through a special energy consumption analysis system. The Ministry of Energy considers it prudent to ban cryptocurrency mining in certain regions until additional generating capacities are established. Billions in Losses The total damage from electricity theft for cryptocurrency mining in Russia […]
Chechnya Threatens to Classify Illegal Miners as Terrorists
Illegal cryptocurrency mining in Chechnya may be equated with terrorist activities, according to Grozny Inform, citing State Duma deputy and advisor to the head of the republic, Adam Delimkhanov. He noted that the region continues to uncover instances of “grey” mining, often involving employees of various structures. “If such cases are identified, which also lead […]
Russia Imposes Mining Ban in Several Regions
The Russian government has approved a list of regions and territories where cryptocurrency mining and participation in mining pools will be prohibited from January 1, 2025, to March 15, 2031, as reported by TASS. The restrictions specifically affect Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, and Chechnya. Additionally, in certain areas of the Irkutsk region, Buryatia, […]
Abkhazia’s Draft Law Proposes Prison for Cryptocurrency Mining
On December 16, the Abkhazian parliament passed in the first reading draft laws for a complete ban on cryptocurrency mining and criminal liability for such activities, as reported by TASS. Both documents aim to ensure the rational use of the republic’s limited energy resources. The first draft prohibits cryptocurrency mining, as well as the circulation, […]
Challenges of Cryptocurrency Mining Bans in Russian Regions
The prohibition of legal cryptocurrency mining in Russian regions is likely to increase the risk of some miners turning to illegal activities, according to experts cited by TASS. Sergey Sasim, Director of the Centre for Research in Electric Power at the National Research University Higher School of Economics, described the government’s proposed restrictions as a […]
Russia to Impose Cryptocurrency Mining Ban in Select Regions Until 2031
Russia’s Ministry of Energy has proposed a ban on cryptocurrency mining in several regions from December 1, 2024, to March 15, 2025, with the possibility of extending the restrictions. This was reported by Kommersant. The list of federal subjects includes cities and districts in the Irkutsk region, Buryatia, and the Trans-Baikal Territory. After March 15, […]
UAE Imposes Fines for Cryptocurrency Mining on Farms
The Abu Dhabi Agriculture and Food Safety Authority (UAE) has issued a warning regarding the illegality of cryptocurrency mining on farms, as reported by Khaleej Times. The agency emphasized that mining could lead to a sharp increase in electricity bills. “This activity is considered an improper use of the farm for purposes other than its […]We use cookies to improve the quality of our service.
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