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                        Russia May Ban Crypto Mining in Certain Regions Due to Infrastructure Overload
                    Ultramining 09 Oct 2024

Russia May Ban Crypto Mining in Certain Regions Due to Infrastructure Overload ⚡

The Russian government is contemplating banning crypto mining in certain regions where the energy infrastructure is struggling to cope with the expansion of mining activities. The primary worry is the overburdening of the energy system, which could lead to blackouts.

The Ministry of Energy suggests limiting or prohibiting mining in areas with high energy consumption and limited capacity, notably affecting Siberia and the Far East where illegal mining activities are prevalent.

New legislative measures are anticipated to be introduced early next year to safeguard citizens' interests and maintain the stability of the energy system.

Source: ultramining.com ↗

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