Key notes
- Russia has launched a crypto mines register to reduce illegal activities.
- The register is already active and is available in regions with high mining activity.
- Minors are expected to pay the right tax depending on energy consumption.
The Russian government tightens monitoring of cryptographic exploitation by targeting unauthorized operations that consume excessive energy.
To combat illegal activities, the government has introduced a national register so that mining equipment can follow and identify minors without license.
Local The reports indicate The register is already active and has been shared in areas with significant mining activity.
The register is managed jointly by the Ministry of Digital Development and the Ministry of Energy to formalize the exploitation of crypto in the country and to prevent illegal operators from accessing unauthorized energy sources.
The vice-minister of energy, Petr Konyushenko, revealed that the national register allows the government to identify individuals using electricity for the extraction of cryptocurrency.
He explained that this initiative helps to identify cryptographic minors and ensure that they comply with regulations. Once detected, these minors will be taxed according to their real energy consumption.
The register is also intended to prevent mining activities in areas where it is prohibited due to power limitations. Russia imposed a ban on the exploitation of crypto in ten regions until 2031 to avoid potential breakdowns.
The Ministry of Energy presented the idea of a register in February 2025, before receiving the approval of the Ministry of Industry and Trade.
Cryptographic activities in Russia
The exploitation of crypto was legalized in Russia in 2024, allowing citizens, individual entrepreneurs and companies to participate in the activity.
However, companies and entrepreneurs must first register with the Federal Tax Service before starting operations. Individuals can operate without recording, provided that their electricity consumption remains within the established limits.
All minors are required to report the digital currency they earn from mining to federal tax service.
Recently, the Russian Bank has announced that it will allow a selected number of financial institutions to offer products based on cryptography such as derivatives and digital financial assets (DFAS).
These products will only be offered to institutional and accredited investors. This is one of the government’s recent attempts to adopt cryptocurrency in the country.
In recent news, Bitcoin Price has increased as a result of approval from the CEO of Tesla, Elon Musk. The CEO of the Satoshi Action Fund, Dennis Porter, described this as “massive” development of the Bitcoin ecosystem, while Robert Kiyosaki hopes a price drop to buy more.
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