ChainCatcher reports that, according to market sources, the Republic of Buryatia and the Trans-Baikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15. These two Siberian regions implemented seasonal restrictions last year to address energy shortages during fall and winter. However, there are reports indicating that the Moscow government plans to impose a five-year comprehensive mining ban on these areas starting in 2026.
Currently, Russia has completely banned cryptocurrency mining in 10 regions, including southern Irkutsk Oblast and several Caucasus republics, with these bans lasting until March 2031. The evolving regulatory environment makes it difficult for Russian mining companies to plan investments. Notably, Russia’s largest mining company, BitRiver, is facing bankruptcy proceedings. Its founder, Igor Runets, was detained in January on charges of tax evasion. Although the company’s 100 MW mining data center project in Buryatia has been completed, it has never been put into operation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Did the Crypto Market Rise Today? Bitcoin Approaches $72,000 as Plummeting Oil Prices and Trump's Statements Become Key Drivers
The cryptocurrency market is showing overall strength, with total market capitalization reaching $2.51 trillion. Bitcoin is approaching $72,000, while Ethereum is around $2,100. The rally has been driven by declining crude oil prices and institutional capital inflows, while the U.S. stock market decline has created a divergence with independent cryptocurrency market movements. Leveraged market short positions are being squeezed, capital flows into spot ETFs remain robust, and geopolitical factors have also improved market sentiment.
GateNews3m ago
Trump's Crypto Project Faces Fierce Democratic Attacks, Midterm Elections May Be Stirred Up Again by "Crypto Politics"
As the 2026 U.S. midterm elections approach, Democrats are targeting cryptocurrencies as a key political issue, accusing Trump’s crypto projects of conflicts of interest. Several Democratic lawmakers have called for investigations into crypto companies associated with the Trump family, drawing increased scrutiny. During the election period, debates over regulation and ethical concerns have been intense. These developments could impact the outcome of future elections.
GateNews29m ago
Sanctioned Stablecoin A7A5 Sees Surge in Tron Trading Volume as Russian Funds Accelerate Inflows
A ruble-pegged stablecoin A7A5 has seen a surge in trading volume on the Tron network, becoming the third-largest stablecoin in the ecosystem with inflows exceeding $464 million. Due to international sanctions, Russian businesses are seeking alternative settlement tools, and A7A5's market scale continues to expand, with a market capitalization reaching $500 million.
GateNews31m ago
Hyperliquid Crude Oil Perpetual Funding Rate Turns Positive as Middle East Tensions Drive Oil Prices to $98 Volatility
On March 13, Hyperliquid monitoring shows that affected by rising oil prices, CL and BRENTOIL funding rates have turned positive. Currently, the trading volume of WTI and Brent crude oil reaches $1.3 billion. Unstable Middle East situation has caused oil price volatility, with WTI crude oil once surging to $98, currently trading at $95.7.
GateNews44m ago
Oil Prices May Surge to $200! Analysts Say Geopolitical Tensions Are Becoming Bitcoin's Biggest Price Driver
As Middle East tensions escalate, researchers point out that Bitcoin's price drivers are shifting from traditional economic indicators toward geopolitical risks. Recently, Bitcoin has demonstrated strong performance among safe-haven assets, showing that investors are reassessing its role, with institutional capital continuing to flow in, reflecting recognition of Bitcoin as a holdable asset.
GateNews44m ago
Bitcoin Tax Policy Suddenly Sparks Controversy: Brian Armstrong and Jack Dorsey Embroiled in Congressional Lobbying Scandal
The U.S. Congress has shown divisions in discussions regarding cryptocurrency tax policy, with the small transaction tax exemption proposal gradually applying only to stablecoins, triggering dissatisfaction among Bitcoin supporters. Industry leaders have clashed publicly over this, with the core of the debate centered on small transaction exemptions. Currently, cryptocurrencies are classified as property, and transactions require capital gains tax payments, resulting in high compliance costs.
GateNews55m ago
