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Russia bans crypto mining in ten regions due to energy concerns

Russia has imposed a ban on cryptocurrency mining in ten regions, effective until 2031, due to serious energy shortages. This includes areas like Dagestan and Kabardino-Balkaria. The government stresses social energy usage over mining activities to address these shortages.

Starting January 1, 2025, Russia will implement seasonal bans on mining in certain regions, running until March 15, 2031. These bans are part of broader energy management strategies, following the end of energy subsidies. Local officials may Request further restrictions to prioritize social infrastructure.

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