(Bloomberg) — Russia restricted cryptocurrency mining in more than a dozen regions where the practice is concentrated amid concern over electricity shortages that are weighing on the nation’s economy.

Financial Post

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Russia to Limit Cryptomining in Some Regions on Power Shortages

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Leon Cooperman

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The Department of Commerce is auditing the November discounts. Of the 164 files audited, 151 were found to be in violation of the legislation, while the said files were subject to a stop penalty and an administrative fine of 19 million 616 thousand 776 lire in total. On the other hand, due to incomplete information, the decision was made to stop 2 files and 29 files to be disabled for access.

Ticaret Bakanlığı kasım indirimlerini denetliyor. Denetlenen 164 dosyadan 151'i mevzuata aykırı bulunurken, söz konusu dosyalara durdurma cezası ve toplam 19 milyon 616 bin 776 lira idari para cezası uygulandı. Öte yandan eksik bilgilendirme nedeniyle 2 dosya hakkında durdurma ve 29 dosya hakkında ise erişim engelli kararı alındı.

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The Ministry of Commerce has announced! Penalties for unfair commercial practices

If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.

Cointelegraph

Russia plans to restrict crypto mining in 13 regions to save electricity

Russia’s energy commission has approved a blanket ban on cryptocurrency mining until 2031 for six regions in Russia’s Caucasus. More restrictions are coming amid concerns about power shortages.

Rosyjska komisja do spraw energetyki zatwierdziła ogólny zakaz wydobywania kryptowalut do 2031 r. dla sześciu regionów na rosyjskim Kaukazie. Restrykcji jest więcej, a wszystko przez obawy o niedobory prądu.

Regionom Rosji brakuje energii. Władze wprowadzają nawet ograniczenia dla kryptowalut

Business Insider (Poland)

Russia's Regions Are Running Out of Energy, with Authorities Even Introducing Cryptocurrency Restrictions

Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which targets 13 regions, including Irkutsk, Buryatia, and Transbaikal, excluding Moscow. The extended enforcement periods were […]

Bitcoin.com

13 Regions Face Crypto Mining Ban Under Russia's New Energy Policies – News Bytes Bitcoin News

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Russia is poised to implement a 15% tax on all crypto mining and trading activities. The move aims to foster a regulatory framework that supports the …

Cryptocurrency News | Cryptocurrency Prices | Market Cap

Crypto Mining and Trading In Russia Will Attract 15% Tax – Here’s How It Compares Globally

Russian President Vladimir Putin has approved new measures to restrict cryptocurrency mining in several regions to address energy supply concerns. These restrictions are part of Russia’s broader efforts to regulate the industry while conserving electricity during peak winter months. Russia Crypto Mining Restrictions Enforced in 13 Regions Russia will introduce the crypto mining restrictions in 13 regions including the occupied territories of Ukr…

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CoinStats - Russia President Vladimir Putin Approves Cryp...

The Russian government is preparing to ban cryptocurrency mining in certain regions to conserve energy during the winter months. According to a report from the Moscow Times, this ban is being developed by a commission led by Deputy Prime Minister Alexander Novak. Continue Reading: Russia Implements...

http://coinprofitnews.com

Russia Implements Cryptocurrency Mining Restrictions for Winter Energy Conservation

Russia has taken steps to limit cryptocurrency mining in specific regions to address potential energy shortages during the winter months. The government commission overseeing the country’s energy management announced a seasonal ban on mining activities in several Siberian regions. Reason Behind The Seasonal Bans? According to the report, the seasonal bans in multiple Siberian regions... The post Winter Power Strain Prompts Russia To Restrict Cry…

Bitcoinist

Winter Power Strain Prompts Russia To Restrict Crypto Mining In Key Regions

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Russia to Limit Cryptomining in Some Regions on Power Shortages

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