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Russia's crypto mining sector faces a major turning point as energy authorities in the Far Eastern regions intensify their crackdown on digital asset operations. A government committee in Russia is set to convene in the coming days to finalize a sweeping prohibition on all cryptocurrency mining activities across southern Buryat Republic and the entire Trans-Baikal Territory, according to reports from Businessman Newspaper and Foresight News.
The move marks a striking reversal from Moscow's earlier stance this year, when officials publicly pledged to refrain from implementing new restrictions on the crypto mining industry. However, the severe power deficit has forced policymakers' hands. The Ministry of Energy of Buryat Republic disclosed that the electricity shortage spanning Irkutsk, Trans-Baikal Territory, and Buryat Republic itself has surged to approximately 3,000 megawatts—a scale that has pushed regional authorities to prioritize traditional energy consumers over crypto operations.
This policy shift underscores the ongoing tension between Russia's interest in developing its crypto sector and the practical constraints imposed by infrastructure limitations and energy scarcity across its vast eastern territories.