Russia will restrict cryptocurrency mining in some regions

Foresight News reported that according to TASS, the Deputy Minister of Energy of Russia announced that due to ongoing energy shortages, Russia will restrict cryptocurrency mining in specific regions, including the Far East, southwestern Siberia, and southern regions with limited electricity resources. The power shortage may continue until 2030, making it difficult to sustain large-scale mining. Previously, Russian President Putin signed a law regulating the circulation of digital currencies that will come into effect on November 1st. This law grants the Russian government the right to prohibit the mining of digital currencies in specific regions or individual territories, and to determine the procedures and cases for introducing such restrictions.