ChainCatcher reports that, according to market sources, the Republic of Buryatia and the Trans-Baikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15. These two Siberian regions implemented seasonal restrictions last year to address energy shortages during fall and winter. However, there are reports indicating that the Moscow government plans to impose a five-year comprehensive mining ban on these areas starting in 2026.
Currently, Russia has completely banned cryptocurrency mining in 10 regions, including southern Irkutsk Oblast and several Caucasus republics, with these bans lasting until March 2031. The evolving regulatory environment makes it difficult for Russian mining companies to plan investments. Notably, Russia’s largest mining company, BitRiver, is facing bankruptcy proceedings. Its founder, Igor Runets, was detained in January on charges of tax evasion. Although the company’s 100 MW mining data center project in Buryatia has been completed, it has never been put into operation.
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