Bullish
Russia Extends Crypto Mining Ban in Moscow and Kursk Until 2032
09:33
Moscow and Kursk mining prohibitions extended to Dec 2032 to curb grid strain. Russia holds 16.4% of global Bitcoin hash rate, ranking second worldwide.
Woofun AI reports that Russian Government Decree No. 936 extends the prohibition on cryptocurrency mining and pool participation in Moscow, Moscow Oblast, and parts of Kursk until December 31, 2032. The Ministry of Energy cites the need to mitigate power capacity shortages, noting that mining currently consumes approximately 1 gigawatt within Moscow's power system.
Data indicates that in the first quarter of 2026, Russia accounted for about 16.4% of the global Bitcoin hash rate, totaling around 175 EH/s, which places the nation second in the world for mining capacity.
WOOFUN AI
Impact Assessment · Quick Read
The extension of mining restrictions signals sustained regulatory pressure on energy-intensive operations in key Russian regions. With Russia holding a significant share of global Bitcoin hash rate, this policy may accelerate geographic redistribution of mining infrastructure to areas with more favorable energy policies. The focus on grid stability suggests future regulations could target other high-consumption zones if power deficits persist.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.