Russian decree bans crypto mining across Moscow region through 2032
The Block·
60-second summary
Russian authorities have issued a decree banning cryptocurrency mining across the Moscow region through 2032, citing concerns over energy consumption. Estimated to consume 1 GW of power, mining is seen as a potential contributor to future electricity shortages. This move aims to alleviate strain on the region's energy infrastructure, impacting local industries reliant on stable power supplies.
Regional energy officials had estimated that mining consumes 1 GW of power and could contribute to future electricity shortages.