The Russian State Duma is at odds with the Ministry of Energy over proposed restrictions on power supply to <a href="https://ultramining.com/news/en/cryptocurrency-miners-strike-gold-with-record-13-9b-net-profit/" rel="noopener noreferrer nofollow">cryptocurrency miners</a>. Reported on January 26, 2024, this contentious issue highlights the growing tensions between government bodies over the regulation of the burgeoning crypto <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>. The Ministry of Energy, aiming to mitigate power shortages, has suggested disconnecting miners from the power grid for up to 500 hours annually, a move supported by the Association of Industrial Mining, according to <a href="https://coinspot.io/law/russia_sng/v-gosdume-raskritikovali-iniciativu-minenergo-ob-ogranichenii-energosnabzheniya-majnerov/" rel="noopener noreferrer nofollow">Coinspot</a>.
This proposal, however, has faced criticism from the State Duma, with Deputy Andrei Lugovoi leading the dissent. Lugovoi contests the need for increased tariffs and energy supply limitations for miners, labeling the initiative "controversial." He argues that such measures would not only impede the growth of cryptocurrency mining in <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a> but also diminish the country's investment appeal. Instead, Lugovoi advocates for creating favorable conditions to foster the growth of the crypto mining sector.
The deputy emphasizes that the solution to energy shortages lies not in curtailing mining activities but in more comprehensive measures. These include expanding the energy infrastructure's capacity, suggesting a broader approach to addressing the challenge. This disagreement reflects the complexities and conflicting interests in regulating an industry that is rapidly evolving and increasingly significant in the global economy.&nbsp;

Russian Government Divided Over Energy Restrictions for Cryptocurrency Miners

Ultramining_Eng

2024년 1월 26일에 게재된 다른 기사

Tokens surge double digits as Bitcoin shrugs GBTC stream

Stablecoin crypto : Should we be afraid of USDT?

Why investors of Solana (SOL) and Ripple (XRP) are buying into stage four of Pushd (PUSHD) presale

Embracing Investment Opportunities in Market Slumps

Crypto whales accumulating ETH, XRP, and GFOX

ChatGPT Gives Bitcoin & XRP Price Predictions for 2024

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!