Russia has announced a ban on mining in 10 regions until 2031, for fear of draining the power grid.

The Russian government announced that from 2025, it will completely ban cryptocurrency mining in 10 regions and implement seasonal restrictions on some energy-intensive areas to balance energy consumption and electricity tariff fairness, and this ban is expected to last until 2031. (Synopsis: Russia's parliamentary proposal to "include BTC in strategic reserve assets" as a counterweight to international economic sanctions) (Background supplement: Trump's cruel words: BRICS countries dare to "de-dollarize" to impose 100% tariffs!) Today (24), the Russian government announced that from January 1, 2025, 10 regions will ban cryptocurrency mining, which will last until March 15, 2031, the main purpose is to balance energy consumption and industrial demand. Areas and Scope of Prohibition of Mining According to the resolution of the Russian Cabinet of Ministers, the regions where the mining of digital currencies is prohibited include: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Luhansk, Zaporozhye and Kherson regions. In addition, parts of the Irkutsk region, the Republic of Buryatia and the Trans-Baikal region will temporarily restrict mining activities during peak energy consumption periods (November to March each year). Extended reading: What is the idea behind the legalization of BTCMining in Russia, Putin's accelerated embrace of Cryptocurrency? Russia's cabinet said the policy would be adjusted by the government's Electric Power Industry Development Committee on a case-by-case basis. The main purpose is to cope with local energy shortages, taking into account electricity distribution and industrial needs. According to expert analysis, the restriction of mining is closely related to the policy of subsidizing electricity charges in some parts of Russia. Sergei Kolobanov, deputy director of the fuel and energy department of the Center for Economic Development, pointed out that the current "inter-regional cross-subsidy" system has caused low electricity costs in some regions to be borne by users in other areas, which has an impact on national energy equity. Professor Klimanov of the IPEI Regional Policy Center of the Presidential Academy pointed out that the measure will improve the imbalance in the payment of electricity bills in Russia and increase economic fairness in different regions. "Traditionally, residents and businesses in central Russia have had to subsidize low electricity rates in the North Caucasus and the Far East, which has led to inequality," he said, adding that the new policies are expected to bring more stability and equality to local economies. Since November, Russia has legalized cryptocurrency mining, subject to Federal Tax Service (FTS) regulations and the submission of detailed asset and wallet address information. Individual Miner limits mining electricity consumption to no more than 6,000 kWh per month to reduce pressure on the Russian grid. Related reports The Russian parliament proposes to "include BTC in strategic reserve assets" as a counterweight to international economic sanctions The ruble "collapsed" the lowest after the war between Ukraine and Russia! Central Bank urgently shouted to stop foreign exchange exchange, experts: Russia's economy is on the verge of collapse Sun Yuchen attended Russia's The Trends summit: the second decade of the encryption industry, the public chain ecology will develop rapidly (Russia announced that 10 regions will ban mining until 2031, afraid that the power grid will be squeezed dry) This article was first published in the moving area BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".