The Russian Ministry of Energy has compiled a registry for cryptocurrency mining equipment, and an official said it will help identify mining operations and incorporate them into new regulatory and tax rules.
Deputy Minister of Energy Petr Konyushenko Tell the state news The list of exports Ria Novosti has been allocated to areas with high mining activities.
“Creating such a registry will allow precise identification of consumers who use electricity for mining,” Konyushenko said, adding that the move is part of an effort to legalize the industry and curb unlicensed electricity consumption.
The initiative came after last year Russia makes crypto mining legal In the country. Under the law, businesses and entrepreneurs must register in the tax authority to operate mining facilities.
Private citizens can mine without registration, provided they supply power within restrictions set by the government. No matter how big or small, all miners must report to the tax service how much digital currency they produce.
The move is part of Russia’s broader embrace of the cryptocurrency sector. Just last week, state-owned conglomerate Rostec was known for its role in the country’s military industrial complex. The token of ruble nail is called rubx.
