Russia will ban encrypted currency mining in Moscow and surrounding areas and participation in mining ponds

ON 2 AUGUST, BY ORDER OF THE GOVERNMENT, RUSSIA WILL BAN, AS FROM 15 AUGUST, THE MINING OF ENCRYPTED CURRENCY AND PARTICIPATION IN THE MINING OF MINES IN MOSCOW AND SURROUNDING AREAS, AND THIS BAN WILL CONTINUE UNTIL THE END OF 2032. ONE REGIONAL ENERGY OFFICER ESTIMATED THAT THE LOCAL MINING WAS CONSUMING 1 GW OF ELECTRICITY。