Russia expands a regional ban on cryptocurrency mining through 2032, adding Moscow and surrounding areas to existing restrictions. According to multiple reports, regional authorities issue a decree that prohibits or restricts crypto-mining activities across the Moscow Region through the end of 2032, with Moscow also included in the covered area. One outlet reports that the measure extends the ban to Moscow and the Moscow Region, while also covering parts of the Kursk Region. The stated rationale across sources centers on electricity supply and grid reliability. Officials cite concerns that crypto mining consumes significant power and could strain local energy systems, potentially contributing to future electricity shortages. One report references an estimate that mining uses around 1 gigawatt of power, which regional energy officials say is relevant to planning for capacity and demand. The reports describe the expansion as an update to the government’s broader approach to managing energy demand associated with mining operations.
Russia expands crypto mining ban to Moscow region through 2032
Russia expands a regional ban on cryptocurrency mining through 2032, adding Moscow and surrounding areas to existing restrictions. According to multiple reports, regional authorities issue a decree th...
- Russia issues a decree expanding a crypto mining ban through 2032.
- The ban includes Moscow and the Moscow Region.
- Some parts of the Kursk Region are also reportedly covered.
- Authorities cite electricity supply and power-system strain as the main reason.
- Regional estimates mentioned mining power use of about 1 GW in the affected area.
Regional energy officials had estimated that mining consumes 1 GW of power and could contribute to future electricity shortages.
3 hours agoRussia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions.
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