Russia enforces 6-year ban on crypto mining in 10 regions

The Morning After: Russia bans crypto mining in multiple regions
First, according to reports by the state-owned news agency Tass, the Russian government banned crypto mining in ten regions for six years. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban.
Russia is mining a hot cryptocurrency, trying to solve one big trade problem
Some businesses have begun using crypto, including bitcoin, to make international payments, Russia's finance minister said.
Russia announces cryptocurrency mining bans starting January 2025 in 10 regions
The Russian government has approved restrictions on cryptocurrency mining operations across multiple regions, which will take effect on January 1, 2025. The resolution, reported by Russia’s TASS, outlines total bans in several territories and seasonal restrictions in others,
Russia bans crypto mining in multiple regions, citing energy concerns
The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban.
Russia enforces six-year ban on crypto mining in 10 regions: here’s why
Cryptocurrency miners in Russia will face restrictions across multiple regions as the government has decided to impose a ban on mining activities in 10 territories. According to a December 24 report from the state-owned news agency TASS,
Illegal crypto mining suspected of causing rolling blackouts in major city: 'They [spread out] to avoid being detected'
In October and November, Iran's capital city of Tehran experienced rolling blackouts, and citizens suspect that some ...
El Salvador lawmakers overturn mining ban in win for president
El Salvador's legislature overturned a seven-year-old ban on metals mining on Monday, a move that President Nayib Bukele had ...
KFGO4h
Federal government approves 20-year mining ban in part of SD’s Black Hills
RAPID CITY, S.D. (South Dakota Searchlight) – The federal government approved a 20-year ban Thursday on new mining-related ...
Telluride Daily Planet9h
Mining cleanup bill may have 'profound, positive impact locally'
Telluride has a rich mining history, but some of its legacy is tainted by toxins and pollution. Today, mining cleanup is ...
Kyrgyzstan cryptocurrency mining tax collection falls 50% YoY in 2024
Crypto mining tax revenue fell by over 50% for Kyrgyzstan, netting just over $535,000 for the country's budget.
El Salvador’s Congress approves ending ban on metals mining
El Salvador's Congress has approved a law that would lift the country’s seven-year-old ban on mining for metals.
Nigeria resumes mining in Zamfara state on improved security
Nigeria has lifted a ban on mining exploration in the northwestern state of Zamfara after a five-year suspension, the mining ...
Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024
Miners have earned a cumulative of over $71 billion since the network’s inception, but about every four years, their revenue ...
Global demand spurring Indonesia’s mining boom comes at a cost for many communities
Indonesia's mining industry is rapidly expanding on demand for the minerals needed to help power the global energy transition ...
Hosted on MSN6h
[INTERVIEW] Almonty boosts women's representation in Korean mining industry
Women’s participation in mining has been strictly restricted in Korea over the past seven decades in accordance with the ...