Russian Deputy Energy Minister Yevgeny Grabchak has stated that digital currency mining will soon be banned at the state level in several Russian regions due to energy supply challenges. Speaking at the RBC Tech forum in Moscow on Wednesday, Grabchak was quoted by Tass as saying:

If we say that mining is the forerunner of digitalization, then mining will soon be banned at the state level in some regions.

He explained that regions facing power shortages, including the Far East, southwestern Siberia, and the South, cannot sustain “large capacities to anyone in the long term until 2030.”

The forthcoming restrictions align with a new law signed by President Vladimir Putin that takes effect on Nov. 1. The law, which was published last week, gives the Russian government authority to restrict digital currency mining in specific regions or territories and to “determine the procedure and cases for introducing such restrictions.”

The law also allows for the prohibition of participation in mining pools, which are specialized servers designed to distribute mining workload. Grabchak noted that such measures are essential in regions he described as “shortage zones,” where energy limitations pose concerns for consistent power distribution in the years ahead.

Additionally, legislation signed in August by Putin permits controlled frameworks for cryptocurrency in international transactions, with the Bank of Russia overseeing pilot projects that require approvals from the Finance Ministry, Federal Security Service, and Rosfinmonitoring. Bitriver’s CEO recently noted that the new mining law could help Russia’s bitcoin mining industry reach U.S. levels within two to three years.

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