Russia Tightens Control on Crypto Mining

Bitget App

Trade smarter

Cryptodnes2025/02/04 20:11

By:Cryptodnes

Russia is tightening its control over cryptocurrency mining by introducing new regulations that require mandatory registration of mining equipment.

The Ministry of Energy is set to roll out a system aimed at tracking and curbing unregistered mining activities, according to reports from TASS news.

The move , championed by Deputy Minister Yevgeny Grabchak, is part of a broader effort to better oversee mining operations, particularly in regions where restrictions are in place.

This initiative comes on the heels of a recent government decision to impose a sweeping ban on crypto mining in select areas.

Dogecoin Whale Dump Sends Price Plummeting Amid Market Crisis

Starting in 2025, mining will be entirely prohibited in 10 Russian regions for a period of six years, with the ban lasting until 2031.

This new registration requirement is part of the government’s strategy to tighten regulation and ensure compliance as it moves forward with its ban on cryptocurrency mining.

SHARE: 0 SHARES

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14