Russia Approves Cryptocurrency Mining Ban in Border Regions

The Russian government's legislative committee has approved a proposal to ban cryptocurrency mining in the border regions of Kursk Oblast, according to ChainCatcher. This ban affects eight districts and the city of Lgov. The governor stated that the decision was made at the request of resource supply organizations, as residents in nine border areas are exempt from paying public utility fees, including electricity. Establishing mining facilities would impose a financial burden on the federal budget. The ban aims to prevent exacerbated energy shortages due to attacks by Ukrainian armed forces and difficulties in infrastructure restoration. While the governor did not specify when the ban would be implemented, he mentioned that it might be lifted if conditions improve in the future. There have been previous reports suggesting that the mining ban could extend to the entire central region of Russia.