Russia is preparing to ban cryptocurrency mining in data processing centers to prioritize artificial intelligence and digitalization. This legislation intends to safeguard access to low-cost electricity for data centers rather than miners.
The draft law, initiated by President Putin, has provisions added to disallow mining activities in data centers, which will soon be classified as communication facilities. A vote in the State Duma is anticipated shortly.
President Putin justified the ban on the grounds of managing energy resources effectively, citing complaints about energy deficits in regions previously enjoying surpluses due to mining activities.
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