The government's concerns about the crypto mining sector's high energy demands have prompted a temporary ban in key regions.

First, according to reports by the state-owned news agency Tass, the Russian government banned crypto mining in ten regions for six years. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban.

The Russian government imposed a six-year ban on crypto mining in 10 regions due to the industry's high power consumption, Tass reported.

Some businesses have begun using crypto, including bitcoin, to make international payments, Russia's finance minister said.

The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban.

The Russian government has approved restrictions on crypto mining operations across multiple regions, set to take effect from January 1, 2025.

Russia to ban crypto mining from January 2025 in specific regions to address energy issues, affecting key areas like Dagestan and Chechnya.