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Moscow's Mining Ban Redirects The Asian Hashpower Map HONG KONG — A Russian government commission has recommended a six-year prohibition on cryptocurrency mining across Moscow, the surrounding Moscow Oblast and portions of the Kursk region, a decision that lands well beyond the Central Federal District and into the power markets, ASIC supply chains and offshore listings that connect Russia's industrial mining sector to Asia.
Deputy Energy Minister Evgeniy Grabchak told TASS the restriction could remain in place until at least 2032.
The proposal would close at least 65 data processing centres carrying a combined load of roughly 734 megawatts, and would extend an existing patchwork of bans already covering 13 regions through 2031, including Irkutsk Oblast, Buryatia and Zabaykalsky Krai in Siberia — the very corridors that have absorbed Chinese mining equipment displaced by Beijing's 2021 crackdown.
For traders in this time zone, the consequence is less about Russia and more about what happens next to the rigs.
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