The Morning After: Russia bans crypto mining in multiple regions
It's that quiet, end-of-December period for tech news. Still, alongside our usual retrospectives on tech in 2024, the Russian government is cracking down crypto, and final seasons of hit Netflix phenomena are on their way.
First, according to reports by the state-owned news agency Tass, the Russian government banned crypto mining in ten regions for six years. Russia has cited the industry's high power consumption rates as the primary reason behind the ban. Crypto mining operations already account for nearly 2.5 percent of US energy use. The Russian ban takes effect on January 1 and lasts until March 15, 2031. The currency has only been fully legal in Russia since November.
- Mat Smith
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This article originally appeared on Engadget at https://www.engadget.com/general/the-morning-after-engadget-newsletter-121507411.html?src=rss