CoinDesk·4 min read·medium
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
F
Francisco Rodrigues
✦AI Summary
Russia has implemented a year-round ban on cryptocurrency mining in several regions to prevent power shortages caused by energy-intensive mining facilities. This move is part of a broader regulatory effort to manage domestic energy demand while navigating the impact of Western sanctions.
The measure, established under government decree No. 936, also prohibits participation in crypto mining pools. The decree was signed on July 25 and published on July 31, local media reports.
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