TechFlow News, May 19: According to Bits.media, on May 18, Russia’s Government Legislative Committee approved a proposal to ban cryptocurrency mining in parts of the border regions of Kursk Oblast. Kursk Oblast Governor Alexander Khinshtein announced the decision during a regional government meeting. The ban will cover eight districts and the city of Lgov, including Belovsky, Bolshesoldatsky, Glushkovsky, and others. The primary reason for the ban is that residents in these border areas are exempt from paying utility bills—including electricity—meaning any electricity consumed by mining operations would be borne by the federal budget, creating a fiscal burden. Additionally, ongoing attacks by Ukrainian armed forces and difficulties in restoring infrastructure have led to strained energy supply in the region. The governor stated that the ban could be lifted once the situation returns to normal, residents return home, and utility payments resume—but no specific timeline was provided.
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