• Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones.
• Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technologies, and Communications, thinks it’s a good idea to prohibit mining in residential areas and energy-deficient regions.
• The State Duma, the lower chamber of the Russian parliament, is presently debating legislation designed to regulate cryptocurrency mining.
The Russian government is currently considering a proposal to ban cryptocurrency mining in residential areas. This comes as a result of a recommendation put forth by the Energy Committee of the State Council, a presidential advisory body. The proposal is meant to protect citizens from the associated risks of running mining operations, such as power outages and fire hazards.
The idea was met with support from Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technologies, and Communications. Tkachev argued that the ban would be a good idea for both energy-deficient and residential areas. He also noted the importance of energy security, as smaller communities may lack the resources to maintain their energy infrastructure. Furthermore, mining operations tend to use large amounts of energy, and the equipment can easily cause fires in private residences.
The State Duma, the lower chamber of the Russian parliament, is currently debating legislation which would regulate the activities of cryptocurrency miners. The committee’s minutes from mid-December suggest that experts on energy and other related areas are carefully considering all aspects of the proposal. The proposed legislation would include measures to protect citizens from the risks associated with mining operations, as well as regulations to ensure that miners adhere to the law.
The ban on cryptocurrency mining in residential areas of Russia is still in the discussion stage, but it appears that the government is serious about making sure that citizens are protected from the risks associated with the activity. It remains to be seen how the final legislation will look like, but it is clear that the government is taking a proactive approach to ensuring the safety of its citizens.