Market News | Proposal to ban mining. This decision must be made unequivocally - head of the State Duma Committee on Energy

A proposal to ban mining or to create conditions for mining that would not use cheapelectricity intended for the population - this decision must be unambiguously taken

— Head of the State Duma Committee on Energy Pavel Zavalny

Currently, miners receive electricity at prices that are set for the Russian population.
And this is wrong, because prices for the populationWe are subsidized by industrial consumers. And it turns out that by subsidizing the population, we subsidize the miners, and the cheaper the cost of electricity, the higher the production volume. Of course, I am against such mining,if they want to engage in mining, [they] must buy at prices that are set for industrial consumers

Moreover, cryptocurrency mining releases a significant amount of carbon dioxide into the atmosphere, which will negatively affect efforts to combat climate change.

The decision to ban cryptocurrency mining in Russia must be made - head of the State Duma committee (fomag.ru)