Russia Plans to Ban Data Centers from Using Subsidized Electricity for Cryptocurrency Mining
Powered by ChatGPTOn July 11, according to Cryptonews, the Russian government is about to ban domestic data processing centers from using subsidized electricity for cryptocurrency mining. The government has revised the draft mining bill passed in the first reading in the State Duma in 2022 and is working with legislators to refine the bill in preparation for the second reading.
The bill proposes that the Ministry of Digital Development and Communications establish a data center registration system, and operators must promise not to conduct cryptocurrency mining in their centers. Only operators who make this commitment will be eligible for preferential electricity prices. Joining the registration system will be completely voluntary, but all companies that join will be prohibited from installing mining equipment, even if the equipment is not connected to the Internet. [Deep Tide TechFlow]