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Russia will enforce a six-year cryptocurrency mining ban in ten regions

On January 1, 2025, Russia will ban cryptocurrency mining in ten regions including Dagestan and Ingushetia for six years. Seasonal restrictions will also apply in Irkutsk and other regions to manage energy usage during HIGH-demand periods.

In response to energy concerns, these measures align with new laws from 2024 aiming to reduce the energy impact of mining. Regions like Irkutsk, crucial for mining due to low rates, will see significant operational impacts.

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