Bullish
Russia Bans Crypto Mining in Moscow and Kursk Until 2032
2026-08-01 09:06:53
Russian decree prohibits crypto mining in eight districts of Moscow, Moscow Oblast, and Kursk Krai from August 15 through December 31, 2032, targeting local residents and mining pools.
Woofun AI reports that the Russian government has enacted a prohibition on cryptocurrency mining across eight districts in Moscow, Moscow Oblast, and Kursk Krai. The ban, signed by Prime Minister Mikhail Mishustin, takes effect on August 15 and remains in force until December 31, 2032. Restrictions specifically target local residents involved in mining pool activities within these designated urban areas.
WOOFUN AI
Impact Assessment · Quick Read
This long-term regulatory move removes significant hash rate capacity from key Russian regions, potentially forcing miners to relocate or shut down operations. The 2032 expiration suggests a strategic energy management approach rather than a permanent ideological ban, though immediate supply-side pressure on local infrastructure is expected.
Generated by WOOFUN AI · For reference only, not investment advice
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