Russia to Restrict Cryptocurrency Mining in Energy-Scarce Regions

According to Foresight News, Russia's Deputy Minister of Energy has announced that due to ongoing energy shortages, the country will limit cryptocurrency mining in certain regions. The affected areas include the Far East, southwestern Siberia, and southern regions where power resources are limited. These energy shortages are expected to persist until 2030, making large-scale mining operations difficult to sustain. Previously, Russian President Vladimir Putin signed a law regulating the circulation of digital currencies, which will come into effect on November 1. This law grants the Russian government the authority to prohibit digital currency mining in specific regions or individual territories and to determine the procedures and cases for implementing such restrictions.