Russia plans further mining bans in three regions
Moscow may impose crypto mining bans in Karelia, Penza, and Khakassia, with a decision expected by May 2025.
The Russian Energy Ministry is contemplating crypto mining bans in three more regions as local electricity grids face mounting pressure.
Regions under consideration for the ban include Karelia, Penza Oblast, and part of Khakassia. A decision on potential restrictions is expected by May 2025.
The Russian government has already imposed mining restrictions in several areas. On 1 January 2025, mining was banned during the winter months in 10 regions, including parts of Southern Siberia and the North Caucasus.
Additionally, in April, Moscow introduced its first year-round ban on crypto mining in the southern part of the Irkutsk Oblast, the country’s leading Bitcoin mining hub.
As the debate continues, some industrial miners in Karelia argue that taxes and differentiated tariffs would be more effective than outright bans. They suggest that Moscow should engage with miners to find a more balanced solution, rather than imposing harsh restrictions.
The Karelia Chamber of Commerce has urged a broader discussion with businesses before any decisions are made.
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