Russia Bans Crypto Mining in Moscow and Kursk Region Through 2032

Russia has expanded its cryptocurrency mining ban to include Moscow and the Kursk Region. The restrictions, which take effect on August 15, 2026, and remain in place through December 31, 2032, are primarily a grid-protection measure driven by electricity capacity concerns in the capital region.

The decision to include Moscow is notable given its status as Russia's dominant commercial and economic hub. The city and its surrounding region host a dense concentration of residential, commercial, transport, and data infrastructure, all competing for power. According to the Energy Ministry, Moscow and the Moscow Region are home to 65 data centers connected to the electricity grid, with a combined capacity of 734 megawatts.

The ban covers both direct mining and participation in mining pools, and extends Russia's existing regional approach to mining regulation rather than imposing a nationwide prohibition. Industry analysts expect the measure to shift mining activity to other Russian regions or abroad, but consider a significant impact on global hash rate unlikely.