The Morning After: Russia bans crypto mining in a number of areas

It’s that quiet, end-of-December interval for tech information. Nonetheless, alongside our ordinary retrospectives on tech in 2024, the Russian authorities is cracking down crypto, and ultimate seasons of hit Netflix phenomena are on their manner.

First, based on experiences by the state-owned information company Tass, the Russian authorities banned crypto mining in ten areas for six years. Russia has cited the business’s excessive energy consumption charges as the first purpose behind the ban. Crypto mining operations already account for practically 2.5 % of US power use. The Russian ban takes impact on January 1 and lasts till March 15, 2031. The forex has solely been totally authorized in Russia since November.

— Mat Smith

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This text initially appeared on Engadget at https://www.engadget.com/basic/the-morning-after-engadget-newsletter-121507411.html?src=rss