Moscow Bans Cryptocurrency Mining Until 2032 Amid Power Grid Concerns

Cryptocurrency mining will be banned in Moscow and several Russian regions until 2032. The ban is set to take effect on August 15, 2026, and will last for almost six and a half years.

The decision was made due to the significant load that cryptocurrency mining puts on power grids. This includes constant strain on equipment, sharp increases in electricity consumption, uncontrolled energy use, and the need to maintain stable supply for residents and businesses.