Russia Establishes Crypto Mining Equipment Registry for Enhanced Oversight
Russia has taken a significant step toward regulating its cryptocurrency mining sector by compiling a comprehensive register of mining equipment. The initiative, led by the Ministry of Energy, Federal Tax Service, and Ministry of Digital Development, aims to identify electricity consumers engaged in mining activities. This move paves the way for tailored regulations and taxation policies.
The registry seeks to curb unregistered mining operations, ensuring greater transparency in energy consumption. Deputy Energy Minister [...] emphasized the need for oversight in this rapidly growing industry. While no specific cryptocurrencies are named in the report, the development signals Russia's intent to formalize its approach to digital asset mining.
