Russia BANS Moscow Crypto Mining Amid Energy Concerns

Russia has introduced new restrictions on cryptocurrency mining, banning operations in Moscow and several regions until at least 2032. The move aims to address concerns over energy consumption and grid stability.

The ban affects areas with high electricity demand, including Moscow's densely populated regions and parts of the Kursk Region affected by wartime conditions.

Russia legalized cryptocurrency mining in 2024 under a regulated framework but introduced regional restrictions as it evaluated the impact on energy infrastructure.