Russia is considering imposing restrictions on cryptocurrency mining in 13 regions to conserve electricity, as discussed in a government meeting led by Deputy Prime Minister Alexander Novak. The proposed measures target areas facing power supply challenges, including key mining regions like Irkutsk and occupied Ukrainian territories. If approved, these restrictions will be in effect until 2031 during the autumn-winter heating season, impacting regions in Siberia such as the Republic of Buryatia and Zabaikalsky Krai. The restrictions are significant for local crypto mining firms, particularly BitRiver, which depends on affordable electricity from hydroelectric sources in regions like Irkutsk. The Irkutsk region hosts one of the world's largest hydroelectric power stations, providing substantial renewable energy. In addition to these limitations, recent laws have added restrictions on foreign miners and allowed for further regional bans on mining activities due to power shortages. This legal landscape introduces uncertainties for the industry amid increasing regulatory scrutiny.

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