Key Takeaways:
Beginning on April 1, 2025, and extending until at least 2031, Russia may impose a year-round moratorium on cryptocurrency mining in the southern Irkutsk region.
Igor Kobzev, the governor of Irkutsk, has advocated for the restriction in order to address the energy shortages caused by big Crypto mining operations that utilize up to 650 MW.
If adopted, this legislation might have a severe influence on the mining industry in the area by compelling miners to relocate or discontinue operations completely.
The Irkutsk area, Russia’s biggest Crypto mining hotspot, is concerned about a prospective cryptocurrency mining ban. Reports imply that authorities are considering raising limitations beyond the present seasonal limits, therefore restricting mining operations throughout the full year. If passed, this prohibition would take effect on April 1, 2025, and remain in place until at least March 15, 2031.
Government Pu ..
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