<ul data-eligibleForWebStory="false"><li>Russia has implemented a national registry to track crypto mining equipment with the goal of combating illegal operations and unauthorized electricity usage.</li><li>The registry initiative involves the Ministry of Energy, Federal Tax Service, and Ministry of Digital Development to monitor and regulate cryptocurrency mining activities in the country.</li><li>The registry aims to legalize the crypto mining industry, reduce unregulated electricity consumption, and combat illegal mining practices by enabling accurate monitoring and taxation.</li><li>The registry will also aid in tax collection, energy grid stabilization, and crackdown on illegal mining farms, contributing to a more regulated and controlled crypto mining environment in Russia.</li></ul>

Russia Launches National Crypto Mining Registry to Combat Illegal Operations

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