Russia Creates Register of Cryptocurrency Mining E
Russia Creates Register of Cryptocurrency Mining Equipment to Strengthen Regulation
Russia has established a comprehensive register of cryptocurrency mining equipment, aiming to identify electricity consumers involved in mining, thereby facilitating special regulation and taxation.
Crackdown on Unregistered Mining Activities
Russia's Ministry of Energy, the Federal Tax Service (FTS), and the Ministry of Digital Development have reportedly compiled a comprehensive register of cryptocurrency mining equipment. Deputy Energy Minister Petr Konyushenko confirmed that the register has been distributed to regions with active mining activity.
In an interview with RIA Novosti, Konyushenko emphasized the key role of the new register.
"Creating such a register will allow for the precise identification of electricity consumers used for mining. This is crucial for implementing special regulatory measures."
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