{"id":140977,"date":"2024-10-31T08:30:38","date_gmt":"2024-10-31T06:30:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140977"},"modified":"2024-10-30T17:46:44","modified_gmt":"2024-10-30T15:46:44","slug":"russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/","title":{"rendered":"Russia Moves to Ban Cryptocurrency Mining Amid Energy Concerns"},"content":{"rendered":"<p>However, a contrasting announcement from Deputy Energy Minister Yevgeniy Grab\u00e7ak <strong><a href=\"https:\/\/tass.ru\/ekonomika\/22267265\" target=\"_blank\" rel=\"nofollow\">indicates<\/a> <\/strong>a crackdown on cryptocurrency mining due to significant electricity consumption.<\/p>\n<p>Speaking at the \u201cRBK Tech Forum\u201d in Moscow, Grab\u00e7ak highlighted an electricity shortage in various regions linked to the high energy demands of crypto miners. He noted that these demands have led to power outages in specific areas, particularly in the Far East and southern Siberia. Grab\u00e7ak mentioned that the government plans to impose a ban on mining activities in certain regions to address these challenges.<\/p>\n<p>This move follows a law approved by President Vladimir Putin on August 8, which legalized cryptocurrency mining across Russia.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/this-altcoin-is-set-for-a-major-unlock-boosting-supply-amid-market-optimism\/\" title=\"This Altcoin is Set for a Major Unlock Boosting Supply Amid Market Optimism\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/privacy-security-tokens-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">This Altcoin is Set for a Major Unlock Boosting Supply Amid Market Optimism<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Under this legislation, individuals and companies authorized by the government are allowed to mine cryptocurrencies, provided they adhere to specific energy consumption thresholds. The tension between promoting crypto innovation and managing energy resources appears to be a critical issue for Russian authorities as they navigate the complexities of the digital currency landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent developments from Russia have sparked concerns in the cryptocurrency sector. The country has recently permitted the use of Bitcoin (BTC) and other cryptocurrencies for international transactions.<\/p>\n","protected":false},"author":3,"featured_media":2598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,25],"tags":[],"class_list":["post-140977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia Moves to Ban Cryptocurrency Mining Amid Energy Concerns<\/title>\n<meta name=\"description\" content=\"Recent developments from Russia have sparked concerns in the cryptocurrency sector. 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The country has recently permitted the use of Bitcoin...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T06:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/russia-bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Russia Moves to Ban Cryptocurrency Mining Amid Energy Concerns\",\"datePublished\":\"2024-10-31T06:30:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/\"},\"wordCount\":171,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/russia-bitcoin-1.jpg\",\"articleSection\":[\"Bitcoin\",\"Regulations\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/\",\"name\":\"Russia Moves to Ban Cryptocurrency Mining Amid Energy Concerns\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/russia-moves-to-ban-cryptocurrency-mining-amid-energy-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/russia-bitcoin-1.jpg\",\"datePublished\":\"2024-10-31T06:30:38+00:00\",\"description\":\"Recent developments from Russia have sparked concerns in the cryptocurrency sector. 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