Russia bans crypto mining across key regions as world debates Bitcoin reserves – BitRss

• Russia has banned crypto mining in 10 regions, citing energy demands and pricing disparities
• Putin acknowledged Bitcoin’s potential, signaling a shift towards balanced digital asset regulations

As discussions heated up around U.S President Donald Trump’s plans to establish a Bitcoin [BTC] reserve, other major powers like Russia and China also hinted at similar moves.

Russia bans crypto mining

However, in a surprising twist, Russia has now announced a ban on cryptocurrency mining in 10 regions. This ban is set to take effect from 1 January 2025.

This restriction, slated to last six years until 15 March 2031, signals a contrasting approach to digital assets. It highlights the varying global positions on cryptocurrency regulation and adoption.

In fact, a recent report by the TASS Russian News Agency revealed the 10 regions. These included Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, and in the Zaporizhia and Kherson regions. …