Russia's Moscow region has banned crypto mining through 2032, citing power grid strain concerns.
Regulation & Gov ·
The Moscow region has issued a decree prohibiting cryptocurrency mining through 2032, according to a regulatory action that takes effect due to concerns about electricity demand. Regional energy officials calculated that mining operations consume approximately 1 GW of power and determined that continued activity could exacerbate future electricity shortages.
The ban targets mining infrastructure across the entire Moscow region rather than specific facilities, framing the restriction as a grid-stability measure. The 1 GW consumption estimate underpins the officials' reasoning that mining represents a material strain on regional power resources, distinguishing this intervention from general cryptocurrency policy debates.
The decree's duration through 2032 suggests a multi-year commitment to the restriction, though the material does not clarify whether this timeline is fixed or subject to review, nor does it specify enforcement mechanisms or exemptions that may apply.