Russia recommends crypto mining ban near Moscow until 2032

Russia's Power Development Commission has recommended a ban on cryptocurrency mining in parts of the Moscow and Kursk oblasts until 2032 to ensure the stability of the local power supply, TASS news agency reported. Russian authorities have been considering such restrictions in regions facing potential energy shortages. The outlet added that the ban, which covers the entire Moscow metropolitan area, is expected to have a significant impact on both large-scale facilities and smaller miners.