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

Russia bans crypto mining in several regions until 2031
The government's concerns about the crypto mining sector's high energy demands have prompted a temporary ban in key regions.
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 cryptocurrency mining in the Caucasus and occupied Ukraine
The Russian government has approved a list of regions and territories where cryptocurrency mining will be prohibited, TASS reported on December 24, citing a government decree.
Russia Imposes 6-Year Ban on Crypto Mining in 10 Regions, Citing Energy Use: Tass
The Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry's high power consumption, Tass reported.The ban,
Bank of Russia cracks down on crypto OTC services with new platform
The Bank of Russia is developing a new centralized platform to identify and restrict cryptocurrency over-the-counter (OTC) trading.
Regtechtimes on MSN1d
Digital Currencies: Russia’s Weapon Against Sanctions in Global Trade
This comes after Russia passed new legislation allowing the use of cryptocurrency in international trade, marking a ...
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
“As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia, in foreign trade ...
Ripple2d
Russia Legalizes Bitcoin for International Payments to Counter Western Sanctions
Russia legalizes Bitcoin for international payments to counter sanctions, and expanding its use for trade.
Ukraine eyes sanctions as Russia deepens crypto use
Ukraine prepares new sanctions to disrupt Russia's growing reliance on cryptocurrencies for international trade amid rising ...
Coingape3d
Here’s Why Russia Is Using Bitcoin and Crypto for International Trade
Russia taps Bitcoin and cryptocurrencies for international trade, embracing digital assets to counter economic challenges ...
Russia bans crypto mining for 6 years in 10 regions
The Russian government has completely banned cryptocurrency mining in 10 Russian regions and territories for a period of six ...
cryptonews3d
Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister
Russia is expanding the use of Bitcoin in foreign trade to bypass sanctions, as confirmed by Finance Minister Anton Siluanov.
Kyiv Independent on MSN2d
Russian companies increasingly using Bitcoin amid sanctions, Reuters reports
Russian companies are increasingly using Bitcoin and other digital currencies for international payments in response to ...