Bullish
Russia Bans Crypto Mining in Moscow and Kursk Until 2032
08-15
Moscow and parts of Kursk Oblast face a crypto mining ban until late 2032 to ease grid strain, extending regional restrictions.
Woofun AI reports that Russia's Ministry of Energy has prohibited cryptocurrency mining and pool participation in Moscow and specific areas of Kursk Oblast under Government Decree No. 936. The restriction remains in effect until December 31, 2032, aiming to alleviate power capacity shortages caused by energy-intensive facilities. Although registered mining was legalized in 2024, rising electricity demand has prompted similar bans in ten other regions.
WOOFUN AI
Impact Assessment · Quick Read
The extension of mining bans to major hubs like Moscow signals tightening regulatory pressure on energy-intensive crypto operations in Russia. With grid stability cited as the primary driver, miners may face increased operational costs or relocation challenges, potentially shifting hash rate distribution to regions with more favorable energy policies.
Generated by WOOFUN AI · For reference only, not investment advice
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