Vladimir Putin Is Vowing To Crack Down On Bitcoin Miners.

Vladimir Putin vows to crack down on Bitcoin miners believed to be responsible for the massive surge in electricity demand that has caused blackouts and blackouts across Russia.

President Russia announced its intentions during a meeting with the country's energy ministers of the regions on Thursday, according to a statement released by the Kremlin. Putin said he would form a committee to look into the matter and develop an appropriate response.

The move comes as Russia is grappling with a heatwave. worst in decades, causing power shortages and blackouts around the world. nation. . Nearly 70% of households in St. Petersburg has been affected by the heatwave since last week, according to local media Meduza.

The government estimates there are around 1,500 Bitcoin miners operating in St. one of the largest groups of such activities in Europe.