Russia Bans Crypto Mining in 10 Regions to Balance Energy Consumption

Quick Summary:

The Russian government plans to ban crypto mining activity in 10 selected regions to reduce energy consumption.

For over 6 years, people in these regions will not be able to mine digital currencies and also participate in mining pools.

That is the reason why it is banning crypto mining in some areas only temporarily.

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Article Details

Author / Journalist: Manisha Ailneni

Category: Crypto

Markets: United Arab Emirates

Topics: Russia Market News Crypto-mining Ban

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 11:46:59 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 24640591

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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