The Russian government has proposed banning cryptocurrency mining in regions such as Moscow until 2032.

According to TASS, Evgeny Grabchak, Deputy Minister of Energy of Russia, stated that the Government Commission for Power Development has recommended imposing a ban on cryptocurrency mining in certain areas of Moscow, Moscow Oblast, and Kursk Oblast until 2032. Grabchak said the recommendation reads: “It is recommended to impose the ban until 2032 in certain areas of Moscow, Moscow Oblast, and Kursk Oblast.”