Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

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The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining destination.
Crypto Miners Should Have Access to Cheaper Power, Economy Ministry Says
Amid ongoing discussions on the future of cryptocurrencies in Russia, the country’s Ministry of Economic Development has proposed permitting the minting of digital currencies in regions with a surplus of electricity, and the adoption of acceptable rates for mining companies. It believes this would help to deal with power deficits experienced by households and industries in other territories.
The proposal also envisages a reduction of the tariffs for connecting mining farms and data processing centers to energy sources, the Russian daily Izvestia reported, quoting the department’s press service. The ministry wants the Fe

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