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Ten regions in Russia will completely ban cryptocurrency mining from today."

Internet reports that ten regions in Russia completely banned cryptocurrency mining on January 1, and three other regions implemented partial bans. The government decree was passed on December 23, stipulating a complete ban on mining from January 2025 to March 2031. In three other areas, mining will be partially restricted in each heating season before 2031 (from November 15 to March 15 of the following year each year, except for the first year when the ban takes effect on January 1, 2025). Russian Deputy Prime Minister Alexander Novak said at the end of December that if a request is received from the governor, the number of areas where cryptocurrency mining is banned may increase. Authorities in the Republic of Khakassia have asked the Ministry of Energy to restrict mining activities in the area. (Jin Shi)

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