Russia launches crypto mining equipment registry to curb illicit activity
The Russian Ministry of Energy has introduced a nationwide registry for Bitcoin mining equipment to enforce tax regulations and curb unauthorized activity.
According to a report from RIA Novosti, the initiative is the result of a coordinated effort between the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development.
Authorities have begun distributing the registry to regions with significant mining activity. Its core aim is to identify operators consuming electricity for crypto mining and subject them to proper regulatory and tax oversight.
Deputy Energy Minister Petr Konyushenko stated that the move is intended to formalize the industry while curbing illegal power consumption. He added that the registry…
