Russia approves a ban on cryptocurrency mining in the border area of Kursk Oblast

According to Bits.media, the Russian government's legislative committee has approved a proposal to ban cryptocurrency mining in the border areas of Kursk Oblast. The ban affects eight regions and the city of Lgov. The governor stated that this move was made at the request of resource supply organizations, as residents in nine border regions are exempt from paying public utility fees, including electricity costs, and establishing mining facilities would impose a financial burden on the federal budget. The ban aims to prevent exacerbated energy shortages due to attacks by the Ukrainian armed forces and difficulties in restoring infrastructure. The governor did not announce a specific implementation date but indicated that the ban might be lifted if conditions improve in the future. There have been previous reports that the mining ban could extend to the entire Central Russia region.