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Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig

  • Russia introduces national registry for cryptocurrency mining hardware to formalize and regulate the industry.
  • The registry aims to monitor energy usage tied to mining operations and is a joint effort by the Ministry of Energy, Federal Tax Service, and Ministry of Digital Development.
  • Government tightens oversight through energy-based tracking and taxation to manage regional energy stability and taxation of mining revenues.
  • Russian officials also implement bans on crypto mining in energy-strained regions, seize assets, and propose fines for violating mining rules as part of broader regulatory integration.

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