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Russia Bans Crypto Mining in Multiple Regions, Citing Energy Concerns

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. Engadget adds: Russia has cited the industry's high power consumption rates as the primary reason behind the ban. Crypto is particularly power-hungry,...

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. Engadget adds: Russia has cited the industry's high power consumption rates as the primary reason behind the ban. The country's Council of Ministers has also stated that additional bans may be required in other regions during periods of peak energy demand.

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