Russian decree bans crypto mining across Moscow region through 2032
Quick TakeA Russian government decree will prohibit crypto mining and participation in mining pools across Moscow and the surrounding region starting on Aug. 15 and continuing through the end of 2032.Regional energy officials had estimated that mining consumes 1 GW of power and could contribute to future electricity shortages. The Russian government has issued a decree banning crypto mining and participation in mining pools in Moscow, the surrounding Moscow region, and parts of the Kursk region from Aug. 15 until the end of 2032. The more than six-year ban will expand restrictions aimed at curbing the crypto mining industry‘s pressure on local electricity networks. The decree, Government Decree No. 936, was dated July 25 and published on Russia’s official legal information portal on Friday. The decree covers the capital city of Moscow and the entirety of the surrounding Moscow Oblast. It also applies to eight municipal districts in Kursk Oblast and the city of Lgov. The measure finalizes a proposal published by the countrys Energy Ministry in late June, which included an explanatory note that said the affected territories could face electricity shortages if the mining activities were not prohibited year-round. Mining consumes estimated 1 GW on Moscow grid The energy minister for Moscow Oblast, Sergei