Russian Government Halts Expansion of Crypto Mining Bans
Russia's Ministry of Energy has dismissed the need for additional restrictions on cryptocurrency mining, signaling stability for the industry. Andrei Maksimov, director of the Electric Power Development Department, confirmed no new proposals from regional authorities to curb mining operations. The energy system is currently managing demand without strain.
Mining firms, previously threatened by localized bans in energy-deficient regions, now face fewer operational hurdles. Legal recognition of industrial-scale mining in 2023 fueled sector growth, though concentration in low-rate electricity zones sparked infrastructure concerns. Market participants view this as a bullish signal for mining-related tokens and energy-efficient proof-of-work assets.
