In Russia, efforts to legalize and regulate the crypto mining sector are ongoing. The establishment of a national registry for miners is a key part of this campaign.
Goals of the Registry
The initiative to create the registry has been developed jointly by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. It is designed to assist regional authorities in identifying and monitoring large-scale energy consumption linked to unregistered mining.
Issues of Illegal Activities
With rising complaints of power shortages, especially in Siberia, the Russian government is intensifying efforts to combat illicit operations. Just this month, a massive illegal crypto farm occupying nearly 30,000 square meters was uncovered in Krasnoyarsk Krai.
Significance of the Initiative
Although crypto mining was legalized in 2024, only a fraction of operators have formally registered. The new registry marks an important step toward tightening control over the sector, which continues to grow despite restrictions.
The creation of a national registry for miners in Russia is a significant initiative for regulating and controlling crypto mining, especially amid increasing energy demands.
