In which regions of Russia can mining be allowed?

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The Bank of Russia and the Ministry of Finance have agreed on a draft law on cryptocurrency mining. According to Russian Deputy Finance Minister Alexei Moiseev, the document will be adopted in the autumn session.

And in the near future this bill will appear in the State Duma, said Anatoly Aksakov, head of the Duma committee on the financial market. At the same time, he noted that mining should be allowed only in energy-abundant regions, and in regions with a shortage of energy, cryptocurrency mining should be banned.

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The Ministry of Economic Development adheres to the same position. Back in February, the agency proposed allowing the mining of cryptocurrencies in regions with a steady surplus in electricity generation.

The specialist told RBC-Crypto» about the regions in which mining is most likely to be allowed, and also listed those areas in which the mining of cryptocurrency is likely to be prohibited.

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Mining will be allowed in regions with hydroelectric and nuclear power plants, says Roman Nekrasov, co-founder of the ENCRY Foundation.
He noted that, in general, these regions have been actively populated by mining farms for several years now.

These are the Irkutsk Region and the Krasnoyarsk Territory, where there is a lot of fairly cheap electricity from hydroelectric power plants, the expert specified. Also, he named the Tver, Saratov, Smolensk and Leningrad regions with their electricity from nuclear power plants as possible regions in which cryptocurrency mining will be allowed.

Most likely, they will ban it in Moscow, the Moscow Region, the Belgorod Region, the Krasnodar Territory – they are traditionally energy-deficient regions, says Nekrasov. In addition, he is sure that raids on illegal mining farms in Dagestan will become more frequent: the region is energy deficient, and mining has become a popular form of income there against the backdrop of high unemployment.

Separately, the expert noted that it is possible that they will allow the extraction of cryptocurrency in Karelia, but under special conditions – support for the construction of small hydropower plants.

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Source: Cryptocurrency

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