On July 7, according to Cryptonews, the Russian Ministry of Energy has begun developing a national registration system for cryptocurrency mining equipment, aimed at combating illegal mining activities and increasing tax revenue.
The registration system will serve as a central database for all cryptocurrency mining equipment nationwide, developed jointly by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Petr Konyushenko, Deputy Minister of Energy of Russia, stated that the system will help authorities "precisely identify" who is using electricity for cryptocurrency mining, ensuring miners comply with relevant laws and increasing tax collection.
