The Coin Rise 2025-07-07 11:07:22

Russia Launches National Registry to Regulate Crypto Mining

Russia Ministry of Energy has rolled out a nationwide registry to track crypto mining rigs in a bid to regulate the sector and tackle tax evasion. According to a report by state-run newspaper RIA Novosti on Friday, the registry was created in partnership with the Federal Tax Service and the Ministry of Digital Development and has already been shared with regions identified as crypto mining hotspots. The move comes after Russian Finance Ministry official Ivan Chebeskov noted in June that only 30% of miners had registered with the Federal Tax Service despite the introduction of crypto mining laws in late 2024. Chebeskov highlighted that efforts were underway to bring the remaining 70% of miners into compliance to ensure proper taxation and oversight. Legalizing the Industry and Cutting Power Theft Deputy Energy Minister Petr Konyushenko emphasized that the national registry is a step toward “legalizing the industry and reducing illegal consumption,” as translated by Google from his interview with RIA Novosti. Konyushenko explained that the registry would help authorities accurately identify electricity users operating mining rigs, allowing for the enforcement of targeted taxation and regulatory measures. The Russian Energy Ministry initially proposed the creation of a mining registry in February to support the enforcement of mining bans in certain regions where crypto mining has been prohibited due to concerns over energy consumption and strain on local grids. Crackdown on Illegal Mining Operations in Russia Continues In November, Russia began enforcing a crypto mining-related bill that introduced legal definitions and mandatory registration for mining businesses. The government also banned crypto mining activities, including mining pools and individual operations, in 10 regions until March 2031 to prevent blackouts, according to state news agency TASS. Authorities are also moving to increase penalties for illegal mining operations, with Forbes Russia reporting in June that the digital development ministry is drafting a bill to raise fines for unauthorized crypto mining from 200,000 rubles ($2,534) to 2 million rubles ($25,500). Meanwhile, Russian law enforcement has been actively shutting down illegal crypto mining sites. On June 19, the Ministry of Internal Affairs reported discovering a mining farm hidden in a garage complex in Bataysk. Earlier, on June 14, authorities dismantled a mining operation concealed inside a truck that was siphoning electricity from a village in the Pribaikalsky region. The post Russia Launches National Registry to Regulate Crypto Mining appeared first on TheCoinrise.com .

Meist gelesene Nachrichten

Bitcoin Liquidation Intensity Could Surge to...
2025-07-11
BTC continues climb above $116K, XRP surges o...
2025-07-11
Ripple Price Prediction As XRP Joins Trump-Ba...
2025-07-11
SIM Swapper Who Stole $20 Million in Crypto R...
2025-07-11
Investors are balking at ‘excessive’ Bitcoin...
2025-07-11
Bitcoin-Focused Funds May Drive Crypto Ventur...
2025-07-11
Bitcoin Hits Record High of $116,950 with 5.2...
2025-07-11
XRP Price Builds Momentum — $2.50 Break Spark...
2025-07-11

Ähnliche Neuigkeiten

Bitcoin Short Sellers Face Significant Liquidation...
11 Jul 2025
‘Bears in disbelief’ — $1B in crypto shorts wiped...
11 Jul 2025
Breaking: Chinese Regulator Mulling 'Major' Crypto...
11 Jul 2025
Robinhood May Expand Ethereum Staking in US with L...
11 Jul 2025
Bitcoin Nears $116,000 Amid Low Sell Pressure and...
11 Jul 2025
US Senate Introduces Bill to Enact Sanctions on El...
11 Jul 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen