Russia will expand the scope of the cryptocurrency mining ban, with two regions in Siberia being prohibited year-round

According to market news, the Russian government plans to implement a year-round ban on cryptocurrency mining in the Republic of Buryatia and the Trans-Baikal Territory starting in 2026. These two regions currently only have a temporary ban in place during the winter, but a draft document from the government's electricity industry development committee indicates that these restrictions will be expanded into permanent measures.

This move is the latest effort by Russia to crack down on cryptocurrency mining, with at least 10 regions across the country already having long-term mining bans in place, which will last until spring 2031. The Russian Ministry of Energy has previously stated that it is closely monitoring the energy situation in these regions and is prepared to take swift action.