MOSCOW, October 30. /TASS/. Mining digital currencies will soon be banned in some regions of Russia at the state level, Deputy Energy Minister Yevgeny Grabchak said.

“If we say that mining is the precursor to digitalization, then mining will soon be banned at the state level in certain regions. All (mining),” he said at the RBC Tech forum .

Grabchak explained that this is due to electricity shortages in the regions.

“For example, we already have shortage areas – the Far East, southwest Siberia, the South. There we cannot give anyone large long-term capacities until 2030” , he declared.

Previously, Russian President Vladimir Putin signed a law regulating the circulation of digital currency. The law comes into force on November 1 and gives the Russian government the right to prohibit the mining of digital currency in specific regions or on their individual territories, as well as to determine the procedure and cases of introducing such restrictions. Participation in a mining pool, a special server used to distribute the digital currency mining load, may also be prohibited.