Russia Bans Crypto Mining In 6 Regions Amid Bitcoin Strategic Reserve Anticipation

Quick Summary:

In a recent development, Russia has imposed a ban on crypto mining in six regions from January 1, 2025.

Notably, the restrictions will be imposed on the regions for six years and will be in effect till March 15, 2031.

As of November 2024, mining is legal but requires individuals and companies to register with the Federal Tax Service (FTS).

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Russia Crypto mining Russia Crypto Mining Russia crypto regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 12:30:36 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24630367

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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