Russia to Ban Crypto Mining in Parts of Moscow, Kursk From July Through 2032
JOON HYOUNG LEE
Summary
- Russia will ban cryptocurrency mining in some areas, including parts of Moscow, starting next month.
- Russia's Energy Ministry has prepared a draft government resolution that will take effect on July 1.
- The mining ban in parts of Moscow and the Kursk region will remain in place through the end of 2032.
Forecast Trend Report by Period
Russia will ban cryptocurrency mining in some areas, including parts of Moscow, starting next month.
Russia's Energy Ministry has prepared a draft government resolution containing the measure, BlockBeats reported on June 26.
The resolution will take effect on July 1. Cryptocurrency mining will be banned in parts of Moscow and the Kursk region.
The ban will remain in place through the end of 2032.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul