Putin warns of power shortages from Bitcoin mining, calls for expansion of CBDC

Russian President Vladimir Putin warned that crypto mining could lead to significant power shortages in some regions of the country while calling for an expansion of its central bank digital currency (CBDC), the digital rouble, in a July 17 meeting. Putin said that Bitcoin and other crypto mining facilities’ uncontrolled electricity consumption is already causing power […] source: https://cryptoslate.com/putin-warns-of-power-shortages-from-bitcoin-mining-calls-for-expansion-of-cbdc/