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Russian Government Rejects Further Regional Crypto Mining Bans
Russian Government Rejects Further Regional Crypto Mining Bans
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BTCCSquare news:
The Russian government has dismissed the possibility of additional regional bans on cryptocurrency mining, despite earlier discussions about potential restrictions. The Ministry of Energy confirmed it sees no justification for further prohibitions, with Andrei Maksimov, head of the Electric Power Development Department, stating the power grid is handling the increased load from mining operations without issue.
Moscow has directed regions with surplus energy to collaborate with industrial crypto miners, fostering growth in the sector. This stance reinforces Russia's evolving approach to cryptocurrency regulation, balancing energy demands with economic opportunities in digital assets.
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