If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.
The Russian government is considering imposing cryptocurrency mining restrictions in 13 regions following the adoption of laws targeting the industry.
On Nov. 19, Russia’s Deputy Prime Minister Alexander Novak held a government commission meeting to discuss the development of the electric power industry.
At the meeting, officials proposed limiting mining activities in regions facing power supply challenges to prevent shortages during peak energy demand seasons.
