Russia, the world's second-largest Bitcoin mining power, has enacted a year-round ban on crypto mining in Moscow and surrounding regions until 2032 to mitigate power capacity shortages.
The measure, established under government decree No. 936, also prohibits participation in crypto mining pools. The Russian Energy Ministry stated the restriction is necessary to reduce the risk of power-capacity shortages, as energy-intensive mining facilities strain regional grids. Mining currently consumes roughly 1 gigawatt in the Moscow power system. This move also relates to Western sanctions, as Russian companies had been using domestically mined Bitcoin in international payments to counter restrictions.
Source:CoinDesk · Source Link
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