Crypto Values List logo Crypto Values List logo
BitcoinSistemi 2024-12-24 11:53:07

Russia Bans Bitcoin and Cryptocurrencies for Six Years!

Russia will ban cryptocurrency mining in 10 regions starting from the new year in order to prevent power outages as it prepares for harsh winter conditions. The Russian government has approved a ban on cryptocurrency mining starting next year and announced the regions where the bans will apply, local news agency TASS reported. Accordingly, cryptocurrency mining will be completely banned in 10 Russian regions for six years, starting from January 1, 2025. The ban is planned to be valid until March 15, 2031. Accordingly, the Russian government banned cryptocurrency mining in 10 regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhia and Kherson regions. In addition, mining activities will be temporarily banned in Irkutsk, Buryatia and some regions of the Trans-Baikal Territory during peak energy consumption periods, the Russian government added. Accordingly, the temporary restrictions will be in effect between January 1 and March 15 in 2025, and for a longer period between November 15 and March 15 in subsequent years. Russia's latest mining restrictions are reportedly softer than the first ones proposed in November. The first proposal planned to ban cryptocurrency mining in 13 regions, including Russia's important mining region of Irkutsk. *This is not investment advice. Continue Reading: Russia Bans Bitcoin and Cryptocurrencies for Six Years!

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.