In the latest developments from the cryptocurrency world, Binance has imposed more restrictions on Russian users, allowing only the use of the Russian ruble for transactions on its P2P trading platform. Meanwhile, Laos has suspended electricity supply to crypto mining operations due to a combination of drought-induced electricity demand and reduced hydropower generation. The decentralized social network Friend.tech has faced a swift decline in activity since its launch, prompting some to deem it "dead." Additionally, OKX and Bybit have followed Binance's lead in excluding sanctioned Russian banks from their payment options. Lastly, Indian Prime Minister Narendra Modi has urged global cooperation on cryptocurrency regulations during the G20 summit.
