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Russia to Prohibit Crypto Mining in Moscow and Other Areas Through 2032

AI Market Summary
Russia's decree to ban crypto mining across Moscow, Moscow Oblast, and parts of Kursk from Aug. 15 through 2032 tightens regulatory constraints on network hashrate supply and local liquidity channels. While global mining may reallocate, the long duration and inclusion of pool participation signal elevated policy risk for the sector, likely weighing on near-term sentiment across major crypto assets.
Impact level
● Medium
Affected assets
BTC/USDT+0.67%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Russia will impose a ban on cryptocurrency mining in Moscow, Moscow Oblast, and parts of Kursk Oblast starting Aug. 15, with the restrictions set to remain in place through Dec. 31, 2032, according to Odaily Planet Daily. The measure covers eight municipal districts in Kursk Oblast as well as the city of Lgov, and applies to residents engaged in mining pools and related activities. The decree was signed by Prime Minister Mikhail Mishustin and has been officially published.
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