Russia Tightens Grip on Crypto Miners: National Mining Equipment Register Launches for ’Enhanced Oversight’

Russia’s playing Big Brother with crypto miners—and they’re not hiding it. A new national registry tracks every ASIC rig and GPU farm, framing it as 'transparency.' Because nothing says decentralization like a government spreadsheet.

Kremlin’s Mining Power Play

Forget shadowy mining pools—Moscow wants every watt accounted for. The register forces operators to disclose hardware specs, locations, and energy consumption. Officially? To 'prevent illegal operations.' Unofficially? A tax grab wrapped in bureaucratic red tape.

Energy Wars Heat Up

With electricity subsidies bleeding dry, Russia’s targeting miners sucking power from state grids. Siberian farms running on Soviet-era hydro dams? Now under microscope. Bonus irony: this from a nation that weaponizes gas pipelines.

Miners Weigh Exodus vs. Compliance

Some operators are already eyeing Kazakhstan’s looser rules. Others might stay—if Moscow dangles ruble-denominated power deals. Because when has centralized planning ever failed a tech sector?

Bottom Line: Another 'regulation' that reeks of control—not innovation. But hey, at least it’s not another CBDC pilot (*cough* digital ruble *cough*).