The government of Russia has included the city of Moscow and other regions in a 2024 decree banning cryptocurrency mining activities from August 15 to December 31, 2032. The amendment also includes the Moscow region and some territories of the Kursk region.
Key Takeaways
Russia banned crypto mining in Moscow and the Moscow region from August 15, 2026, to December 31, 2032.The ban addresses severe local power grid strain, targeting 65 data centers running on a 734 MW capacity.This follows similar restrictions in regions like Siberia, where previous bans successfully eased grid load.The Government of Russia has established new restrictions for cryptocurrency mining in Moscow, tightening its control over the companies that manage these operations.
The municipal districts of Belovsky, Bolshesoldatsky, Glushkovsky, Korenevsky, Lgovsky, Rylsky, Sudzhansky, Khomutovsky, and the urban district of the city of Lgov in the Kursk region are also included in this amendment.
The ban will be effective from August 15 to December 31, 2032, and follows similar measures affecting other regions facing energy shortages during specific periods.
At that time, Deputy Prime Minister Alexander Novak stressed that, while these activities were relevant, more restrictions would be issued “to ensure the connection of social facilities and enterprises under construction first.”
The Ministry of Energy praised the results of these policies in Siberia, explaining that their implementation had reduced the load on the Siberian power grid by more than 300 MW, avoiding restrictions for citizens.
