Russia Tightens Crypto Mining Rules: Bans and Seasonal Restrictions Announced

Starting January 1, 2025, Russia will implement a six-year ban on cryptocurrency mining in 10 regions, with the restrictions lasting until March 15, 2031. According to a December 24 report by TASS, these measures aim to curb energy strain while refining previous proposals for broader restrictions.

New Mining Policies in Effect
The sweeping ban targets regions such as Dagestan, Chechnya, and the Donetsk and Lugansk People’s Republics. Both mining pools and individual operations will be prohibited.

However, in key mining areas like Irkutsk, Buryatia, and Zabaikalsky, the government opted for seasonal restrictions instead of total bans. These measures will limit mining activities during peak energy consumption periods, from January 1 to March 15, initially. Starting in late 2025, the restricted window will expand to include November through mid-March.

Evolving Legislation and Industry Impact
These rules align with Russia's 2024 cryptocurrency mining laws, signed by the president in August and October. Originally, lawmakers proposed bans across 13 regions, but the finalized plan spares some critical mining hubs.

For instance, Irkutsk, known for its affordable electricity, remains a crucial base for firms like BitRiver. The region houses Russia’s first major data center, established by BitRiver in 2019. Despite these changes, BitRiver has not disclosed how the new restrictions might influence its operations.

Balancing Energy and Industry Needs
Russia’s latest approach reflects a balance between maintaining its position in the crypto mining industry and addressing energy challenges. By restricting mining activities only during peak seasons in specific areas, the country avoids a blanket ban on all major hubs while securing its power grid.

This strategic refinement signals the government’s intent to manage its crypto mining sector more sustainably over the coming years.