Russia Expands Bitcoin Mining Ban to Include Moscow
Uk Jin
Summary
- Russia's government said it will expand areas subject to a Bitcoin mining ban from Aug. 15 through the end of 2032.
- It said digital-asset mining will be banned in the capital Moscow, the Moscow region and parts of Kursk.
- Russia accounts for about 17.2% of the global Bitcoin hash rate, making it the world's second-largest mining country.
Russia is expanding the areas subject to its Bitcoin mining ban, adding the capital Moscow to the list.
Beginning Aug. 15, Russia will prohibit digital-asset mining in Moscow, the surrounding Moscow region and parts of Kursk through the end of 2032, Cryptopolitan reported on Aug. 1.
Russia accounted for about 17.2% of the global Bitcoin hash rate in the third quarter, making it the world's second-largest Bitcoin mining country, according to Hashrate Index.
Russia's Energy Ministry said power-intensive mining facilities strain the electricity grid and affect power supplies for other consumers.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.