From January 2, 2025, cryptocurrency mining will become illegal in Chechnya, with violators facing severe legal consequences. This was announced by the republic's lawmaker Adam Delimkhanov.
New Measures Against Crypto Mining in Chechnya
Adam Delimkhanov stated that in the Chechen Republic, crypto miners will be regarded as terrorists, following directives from Chechnya’s Head of State Ramzan Kadyrov. This move is aimed at safeguarding society from potential threats.
Reasons for Legal Crackdown
Delimkhanov emphasized that cryptocurrency mining demands high electricity consumption, which could disrupt the power supply and daily life of residents. Any mining-related power outages will be met with strict measures, including arrests and potential imprisonment.
Context Across Russia
This crackdown is part of a broader Russian initiative to address energy shortages caused by the crypto industry. Last year, Deputy Energy Minister Evgeny Grabchak announced a Bitcoin mining ban in several regions, aiming to ease local grid strain and improve energy forecasts up to 2030.
The ban on crypto mining in Chechnya and other regions in Russia underscores the country's efforts to control the industry's impact on its energy infrastructure. The government has expressed serious concerns over Russia’s long-term energy needs.
