Russia has stated that it allows mining in areas with hydropower and nuclear power

2022-09-29 19:50:06
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According to Chain Catcher news and reported by Bitcoin.com, the Central Bank of Russia and the Ministry of Finance have recently reached an agreement on legislation aimed at regulating cryptocurrency mining, which is expected to be passed by the end of this year. Russian officials involved in the legislation stated that cryptocurrency mining should be allowed in areas with surplus energy, but prohibited in areas with energy shortages.

Additionally, according to Roman Nekrasov, co-founder of the ENCRY Foundation, many cryptocurrency mining farms have already gathered in regions with hydropower plants and nuclear power plants in Russia. These areas include the Irkutsk region with hydropower plants and the Krasnoyarsk Krai, as well as the Tver, Saratov, Smolensk, and Leningrad regions that have nuclear power stations.

Furthermore, Roman Nekrasov also expects Russia to strengthen its crackdown on illegal mining in Dagestan. (Source link)

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