Two regions in Russia lift cryptocurrency mining restrictions, but long-term ban threat still remains

2026-03-02 12:10:03

Deep Tide TechFlow News, on March 2nd, reported that the Republic of Buryatia and the Trans-Baikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15th. These two Siberian regions implemented seasonal restrictions on November 15th last year to address energy shortages during fall and winter. However, reports indicate that the Moscow government plans to implement a five-year comprehensive ban on mining in these areas by 2026.

Currently, Russia has completely banned cryptocurrency mining in 10 regions, including southern Irkutsk Oblast and several Caucasus republics, with these bans lasting until March 2031. The evolving regulatory environment makes it difficult for Russian mining companies to plan investments.

Notably, Russia’s largest mining company, BitRiver, is facing bankruptcy proceedings. Its founder, Igor Runets, was detained in January on charges of tax evasion. Although the company’s 100 MW mining data center project in Buryatia has been completed, it has never been put into operation.

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