Russia has established a centralized register for crypto mining equipment, supervised by key ministries. The new measures aim to regulate the sector and prevent violations.
Creation of Crypto Mining Equipment Register
A centralized register for crypto mining equipment has been established in Russia under the supervision of the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. The register collects detailed information about equipment owners and forwards it to regional authorities.
Miner Responsibilities and Legal Compliance
Miners using over 6,000 kWh monthly are required to register and report mined assets. However, most small operators have yet to comply. Legal mining has been in place since mid-2024, allowing licensed companies to operate freely.
Measures to Prevent Illegal Mining
The national grid operator Rosseti has collaborated with telecom firms to detect unusual internet traffic that could indicate hidden mining sites. Several regions suffering from energy shortages have imposed both temporary and permanent bans on mining activities.
The establishment of the crypto mining register in Russia marks an important step towards regulating the sector and ensuring tax compliance. The effectiveness of this approach in curbing electricity theft and increasing tax revenues will become apparent through subsequent compliance checks and audits.
