Expansion of Mining Restrictions Proposed in Three Additional Russian Regions
Russian Regions Pondering Crypto Mining Ban: A Heads-Up
Listen up, crypto enthusiasts! It's time to keep tabs on the northern section of Karelia, Penza Oblast, and parts of Khakassia, as these regions might be joining the list of areas considering a ban on cryptocurrency mining.
Inside the office of Alexander Novak, Deputy Prime Minister of Russia, officials have hinted at a potential discussion on this subject in May this year. Andrei Maximov, Director of the Department of Electric Power Development of the Ministry of Energy, has also mentioned that additional regions are expressing interest in imposing such limitations.
Since November last year, Russia has governed the mining of digital currencies as per the law on its legalization. President Putin gave his seal of approval in August, allowing legal entities and individual entrepreneurs to mine cryptocurrencies only after being added to a special registry. However, ordinary folks can do their mining without needing to join this registry, provided their energy consumption stays below the limit.
To maintain energy equilibrium, the government has already clamped down on crypto mining in several Russian regions. Some regions, such as Dagestan, Ingushetia, and North Ossetia, are under a year-round ban on crypto mining until 2031. In other areas like parts of Buryatia and the Zabaykalsky Krai, restrictions are imposed during peak energy consumption periods (from January to March in 2025, and from November to March in succeeding years).
However, the details of possible crypto mining restrictions in Karelia, Penza Oblast, and Khakassia are still in the air. The government commission is set to evaluate these proposals in May, and we’ll have to wait and see what decisions emerge from that meeting.
Keep your eyes peeled for updates, and don’t forget to join our Telegram channel at @expert_mag to stay on top of the latest developments in the mining world.
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The proposed mining restrictions in these regions stem from the high energy consumption associated with crypto mining activities. Local industrial miners in Karelia have proposed alternate measures like differentiated electricity tariffs and increased taxes instead of an outright ban[2][5]. In Penza Oblast, the specifics—whether the restrictions will be seasonal or permanent—remain undecided at the moment.[2][5]
These moves towards restrictions follow in the footsteps of previous actions taken in other parts of Russia. For example, the southern part of Irkutsk region has already implemented a year-round ban on crypto mining activities until 2031[3]. Similarly, seasonal bans were introduced in several regions, including parts of Southern Siberia and the North Caucasus, at the start of 2025 to reduce pressure on their energy grids during the winter months[5].
- The Russian regions of Karelia, Penza Oblast, and Khakassia are being watched closely as they consider imposing a ban on cryptocurrency mining due to high energy consumption.
- In May, a potential discussion on this matter is scheduled to occur within the Russian government, with additional regions expressing interest in imposing similar limitations.
- Since last November, cryptocurrency mining in Russia has been governed by law, requiring legal entities and individual entrepreneurs to be registered before mining, while ordinary individuals can mine under specific energy consumption limits.
- The detailed specifics of the proposed mining restrictions in Karelia, Penza Oblast, and Khakassia have yet to be evaluated by the government commission, although local miners have proposed alternative measures like differentiated electricity tariffs.
