Russia’s Energy Ministry Launches Crypto Mining Register - adtechsolutions

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Russia’s Energy Ministry Launches Crypto Mining Register


The Russian Ministry of Energy has launched the National Crypt of Mining Sets to discard miners that avoid tax payments and illegal settings that steal energy from the grid.

State Newspaper RIA Novosti said On Friday on Friday, the Russian Ministry of Energy, Federal Tax Services and the Ministry of Digital Development of Russia “compiled a register” and sent it to “regions with increased miners’ activity”.

In June, the official of the Russian Ministry of Finance Ivan Chebeskov said Presentation of the laws of crypto miningonly 30% of miners entered the federal tax service register since the end of 2024. He also stated that the ministry was Work on measures to bring the remaining 70% to the legal fold.

Russia hopes to tax and regulate crypt mining

Deputy Minister of Energy Petr Konyushenko said in an interview with RIA Novosti that Google has translated into English, that the National Register is a step towards “legalizing industry and reducing illegal consumption”.

“The creation of such a register will allow accurate identification of consumers using electricity for the needs of mining material. This is necessary for the use of special regulations and taxation.”

The Russian Ministry of Energy first identified plans to create a national crypt of mining trains and other related hardware in February to help enforce bans on mining in the regions where it is forbidden, according to RIA Novosti.

Some Russian regions prohibit crypt mining

Russian government began to promote crypto In November in NovemberIntroduction of legal definitions and registration requirements for mining companies.