Russia could face electricity disruptions if the government doesn't get crypto mining under control, Russian President Vladimir Putin said on Wednesday.
Crypto is often used by Russians who live abroad to bypass Western sanctions which prevent them from accessing normal banking services. It's also been used to make donations to Russian military units. “It is necessary to make the right and timely decisions, in particular systemic ones, at the level of the federal law," Putin said."I have already given instructions to regulate the mining of digital currencies in Russia, including issues of taxation of this activity and tariff decisions.
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