Russia Launches National Crypto Mining Registry to Combat Illegal Operations
The post Russia Launches National Crypto Mining Registry to Combat Illegal Operations appeared on BitcoinEthereumNews.com.
Russia creates a national registry for crypto mining equipment. The registry targets illegal mining and unauthorized electricity use. The registry supports legal mining and reduces power grid overload. Russia has started registering cryptocurrency mining devices on a national level to prevent illegal mining and relieve the power grid. The registry is a joint initiative of the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development, the goal of which is to establish a single register of all crypto mining machines that work in the country. Registry to Track and Regulate Crypto Mining Equipment The registry allows all of the crypto miners to register their mining rigs by providing serial numbers, device models, and other related equipment information. The action allows the authorities to accurately know electricity consumers who are involved in cryptocurrency mining and compel them to abide by the rules of mining and taxation. Deputy Minister of Energy Petr Konyushenko stressed that the registry is an important step on the way to legalization of the crypto mining industry and the reduction of unregulated consumption of electricity, which has become a reason for huge losses of power companies and energy shortage in certain territories. This enabled enforcing the draft registry as the ministry shared it with the areas that had high mining activity. In Russia, illegal mining has been on the rise, and some of the miners use illegal connections or subsidized residential electricity to run the crypto farms. The registry will fight these practices because it will equip the authorities with the requisite information that they can use to monitor and control mining activities. The registry program was initially suggested in February 2025 at a working meeting on the regulation of digital currency extraction, with the support of the Ministry of Industry in May. It…
Filed under: News - @ July 7, 2025 9:26 pm