Russia backs proposal to ban crypto mining in Moscow and other regions, while lawmakers advance criminal penalties for illegal mining
first published 2026-05-27T19:01:25Z
A Russian power-industry commission supported a proposal to ban crypto mining in Moscow, Moscow Oblast, and parts of Kursk until at least 2032, with a broader 19-region ban also under consideration. Separately, the State Duma advanced a bill that would criminalize illegal mining with fines of up to 2.5 million rubles and prison terms of up to five years.
AI Analysis
The article reports proposed regional mining bans and new criminal penalties for illegal mining, which directly increases operating risk and could reduce mining activity in Russia.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
