Russia will expand its ban on cryptocurrency mining, with two Siberian regions under a year-round ban.

According to Mars Finance, market sources indicate that the Russian government plans to implement a year-round ban on cryptocurrency mining in the Republic of Buryatia and the Transbaikal Territory starting in 2026. Currently, these two regions only have temporary bans in effect during the winter, but a draft document from the government's Electricity Industry Development Committee suggests that these restrictions will be extended to permanent measures. This move is the latest in Russia's crackdown on cryptocurrency mining, with at least 10 regions nationwide already implementing long-term mining bans that will last until the spring of 2031. The Russian Ministry of Energy previously stated that it is closely monitoring the energy situation in these regions and is prepared to take swift action.