On December 24th, according to the Russian Tass news agency, from January 1, 2025, 10 regions of Russia (Dagestan, Ingushetia Republic, Kabardino-Balkar, Karachay-Cherks Republic, North Ossetia, Chechnya, Donetsk and Luhansk People's Republic, and Zaporozhye and Kherson Oblast.) will have a total ban on cryptocurrency mining for a period of six years. The ban will last until March 15, 2031. Russian lawmakers have also approved seasonal restrictions in major cryptocurrency mining regions to prevent power outages. These restrictions are in line with the Russian cryptocurrency mining law signed by the president in August and October 2024.