2 hours ago
1
Authorities successful Russia announced Tuesday plans to prohibition cryptocurrency mining successful respective regions this wintertime to code energy shortages.
The prohibition volition impact the Irkutsk region, parts of the republic of Buryatia and the Zabaikalsky portion successful Siberia, arsenic good arsenic six regions successful the North Caucasus, including the republics of Chechnya and Dagestan. It volition besides widen to the occupied Ukrainian regions of Donetsk, Luhansk, Zaporizhzhia and Kherson.
The decision, made by a authorities committee led by Deputy Prime Minister Alexander Novak, aims to restrict crypto mining during the heating season.
Mining successful Siberia volition beryllium prohibited from Dec. 1 to March 15, 2025, with yearly restrictions from Nov. 15 to March 15 done 2031. In the North Caucasus and occupied Ukraine, mining volition look full bans from December 2024 done March 2031, with nary seasonal reprieve, the Kommersant concern paper reported past week.
The restrictions travel new laws signed by President Vladimir Putin connected Nov. 1 that modulate crypto mining and make experimental infrastructure for cross-border cryptocurrency payments. While home crypto payments stay banned, immoderate lawmakers presumption the regulations arsenic a potential tool for bypassing sanctions.
Russia, the world’s second-largest crypto mining hub aft the U.S., consumes 16 cardinal kilowatt-hours annually for mining — astir 1.5% of its full energy usage, according to the Energy Ministry.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times arsenic an "undesirable" organization, criminalizing our enactment and putting our unit astatine hazard of prosecution. This follows our earlier unjust labeling arsenic a "foreign agent."
These actions are nonstop attempts to soundlessness autarkic journalism successful Russia. The authorities assertion our enactment "discredits the decisions of the Russian leadership." We spot things differently: we strive to supply accurate, unbiased reporting connected Russia.
We, the journalists of The Moscow Times, garbage to beryllium silenced. But to proceed our work, we request your help.
Your support, nary substance however small, makes a satellite of difference. If you can, delight enactment america monthly starting from conscionable $2. It's speedy to acceptable up, and each publication makes a important impact.
By supporting The Moscow Times, you're defending open, autarkic journalism successful the look of repression. Thank you for lasting with us.
Continue
Not acceptable to enactment today?
Remind maine later.
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·