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Russia Rolls Out National Registry for Mining Rigs

  • Russia has implemented a national registry to monitor crypto mining equipment and electricity usage.
  • Only registered legal entities are permitted to engage in mining under the new government regulations.
  • The registry aims to track electricity usage and income from mining activities to combat illegal mining practices.
  • This move is part of Russia's broader efforts to regulate the crypto sector and explore cryptocurrencies as alternative economic tools.

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