Russia Tightens Grip on Crypto Miners—New Registry Puts Every Rig Under Surveillance

Moscow’s latest move? A Big Brother-style crackdown on crypto mining.

The Kremlin’s New Toy: A Miner Registry

Russian authorities are rolling out a mandatory registry for all mining hardware—no rig left untracked. The goal? Control the wild west of decentralized crypto production… or squeeze it for taxes.

Why This Hurts (Besides the Obvious)

Miners already battling energy caps now face real-time oversight. One slip, and your ASICs could get the digital equivalent of a Siberian exile.

Finance Jab of the Day

Because nothing says ‘trustless system’ like a government database of your GPUs. So much for ‘don’t trust, verify.’

Government Tightens Oversight Through Energy-Based Tracking and Taxation

The creation of the registry follows previous government moves to curb unregulated mining activity, particularly in areas experiencing strain on power infrastructure.

In February, the Ministry of Energy first proposed the registry as a mechanism to track crypto mining operations through their energy consumption footprint.

Authorities argue that this step is necessary not only for effective taxation but also for managing regional energy stability, especially given the surge in mining linked to Russia’s low electricity costs and favorable climate for mining hardware.

The registry complements several recent policy developments aimed at tightening control over digital asset activities in Russia. Earlier this year, miners were officially given the ability to declare their crypto earnings online through a system implemented by the Federal Tax Service.

This followed the formal enactment of a legal tax framework for crypto mining that was approved by President Vladimir Putin and came into force in 2025. The framework enables authorities to tax mining revenues while providing a legal foundation for enforcement actions.

Mining Bans, Asset Seizures, and the Push Toward Full Compliance

In parallel with these developments, Russian officials have also implemented a multi-year ban on crypto mining in six energy-strained regions.

The ban, which will last until March 15, 2031, is meant to alleviate power shortages caused by unregulated energy-intensive mining farms. Officials have not disclosed the names of all affected regions, but previous reports cited Irkutsk and Dagestan among the high-consumption areas drawing government scrutiny.

Further legislative measures are under development as well. The Ministry of Digital Development has reportedly proposed a new bill that WOULD enable courts to confiscate digital assets and levy significant fines on individuals or entities violating mining rules.

According to Forbes Russia, the maximum fine for corporate entities could reach up to 2 million rubles, or approximately $22,000. While this legislation is still pending, it forms part of a broader attempt to integrate crypto mining into Russia’s official regulatory and economic frameworks.

The country has emerged as one of the world’s leading hubs for proof-of-work mining, particularly for Bitcoin. With its vast energy resources and previously lax oversight, Russia’s share of the global hash rate has grown in recent years.

However, the latest moves suggest a shift toward centralized management, where only registered and tax-compliant mining operations may continue to operate without legal consequence.

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