Smart Business Tips
Sign In
  • Home
  • Business
    • Business Coaching
    • Business Growth
    • Business Tools & Apps
  • Entrepreneurship
    • Entrepreneurs
    • Crypto
    • Innovation
    • Investing
    • Leadership
    • Productivity
  • Contact US
    • Blog
  • Branding
    • Content Marketing
    • Digital Marketing
    • E-commerce
    • Marketing Strategies
    • Personal Finance
  • Sales
    • Small Business Tips
    • Social Media
    • Startups
    • Tech Trends
    • Investing
  • Shop
Notification
Why Everyone’s Moving South (and Why Investors Should Pay Attention)
Investing

Why Everyone’s Moving South (and Why Investors Should Pay Attention)

What Is the Content of Training?
Small Business Tips

What Is the Content of Training?

Intel is spinning off its Network and Edge group
Tech Trends

Intel is spinning off its Network and Edge group

5 Essential Skills You Need as an Entrepreneur to Compete and Win This Year
Entrepreneurship

5 Essential Skills You Need as an Entrepreneur to Compete and Win This Year

Font ResizerAa
Smart Business TipsSmart Business Tips
  • Home
  • Business
  • Entrepreneurship
  • Contact US
  • Branding
  • Sales
  • Shop
Search
  • Home
  • Business
    • Business Coaching
    • Business Growth
    • Business Tools & Apps
  • Entrepreneurship
    • Entrepreneurs
    • Crypto
    • Innovation
    • Investing
    • Leadership
    • Productivity
  • Contact US
    • Blog
  • Branding
    • Content Marketing
    • Digital Marketing
    • E-commerce
    • Marketing Strategies
    • Personal Finance
  • Sales
    • Small Business Tips
    • Social Media
    • Startups
    • Tech Trends
    • Investing
  • Shop
Sign In Sign In
Follow US
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Smart Business Tips > Blog > Crypto > Russia’s Energy Ministry Launches Crypto Mining Register
Crypto

Russia’s Energy Ministry Launches Crypto Mining Register

Admin45
Last updated: July 7, 2025 8:39 am
By
Admin45
3 Min Read
Russia’s Energy Ministry Launches Crypto Mining Register
SHARE


Contents
Russia hopes to tax and regulate crypto miningSome Russian regions ban crypto miningIllegal crypto miners shut down

Russia’s energy ministry has launched a national registry of crypto mining rigs to weed out miners that dodge tax payments and illegal setups that steal power from the grid. 

State-run newspaper RIA Novosti said in a report on Friday that the Russian Ministry of Energy, the Federal Tax Service and the Ministry of Digital Development of Russia have “compiled a register” and sent it to “regions with increased miner activity.”

In June, Russian Finance Ministry official Ivan Chebeskov said that despite introducing crypto mining laws, only 30% of miners had entered the Federal Tax Service Register since late 2024. He also said the ministry was working on measures to bring the remaining 70% into the legal fold.

Russia hopes to tax and regulate crypto mining

Deputy Energy Minister Petr Konyushenko said in an interview with RIA Novosti, translated to English by Google, that the national registry is a step toward “legalizing the industry and reducing illegal consumption.”

“The creation of such a register will allow for the precise identification of consumers using electricity for mining needs. This is necessary for applying special regulation and taxation to them.”

Russia’s Energy Ministry first flagged plans to create a national registry of crypto mining rigs and other related hardware in February to help enforce bans on mining in regions where it is prohibited, according to RIA Novosti.

Some Russian regions ban crypto mining

The Russian government began enforcing a crypto mining-related bill in November, introducing legal definitions and registration requirements for mining businesses.

The government also banned crypto mining, both mining pool activity and individual crypto mining, in 10 Russian regions for six years, state-owned news agency TASS reported on Dec. 24. The ban is in effect until March 15, 2031, in the hopes of preventing blackouts.

Meanwhile, on June 9, Forbes Russia reported that Russia’s digital development ministry was working on a new bill to increase the fines for illegal crypto mining operations to 2 million Russian rubles ($25,500), up from the current 200,000 rubles ($2,534).

Related: Russia’s central bank, finance ministry to launch crypto exchange

Illegal crypto miners shut down

Russian authorities have already cracked down on several illegal crypto-mining operations since the start of the year.

On June 19, an official representative of the Russian Ministry of Internal Affairs reported that local police had discovered a mining farm in a garage complex in the city of Bataysk.

Russian authorities found a truck hosting an illegal crypto-mining site siphoning electricity from a village. Source: Babr Mash

Meanwhile, on June 14, Russian authorities shut down a crypto mining operation hidden inside a truck siphoning electricity from a village in the Pribaikalsky region.

Magazine: How crypto laws are changing across the world in 2025



Source link

Join Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
Share This Article
Facebook Email Copy Link
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Ad image

You Might Also Like

Slow And Steady Wins? Bitcoin To Hit M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert
Crypto

Slow And Steady Wins? Bitcoin To Hit $1M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert

By
Admin45
July 27, 2025
DeFi and TradFi Convergence Closer Than Ever
Crypto

DeFi and TradFi Convergence Closer Than Ever

By
Admin45
July 5, 2025
CoinDCX Staffer Arrested Over M Crypto Theft: Report
Crypto

CoinDCX Staffer Arrested Over $44M Crypto Theft: Report

By
Admin45
July 31, 2025
Crypto Donations Keep Flowing For Trump’s Super PAC – Details
Crypto

Crypto Donations Keep Flowing For Trump’s Super PAC – Details

By
Admin45
August 2, 2025
Crypto Entrepreneurs Are Fleeing America, But We Can Bring Them Back
Crypto

Crypto Entrepreneurs Are Fleeing America, But We Can Bring Them Back

By
Admin45
July 23, 2025
US Lawmakers To Discuss Crypto Tax Policy Amid Push To Pass Three Bills
Crypto

US Lawmakers To Discuss Crypto Tax Policy Amid Push To Pass Three Bills

By
Admin45
July 10, 2025

SmartBusinessTips

  • Business Tools & Apps
  • Marketing Strategies
  • Social Media
  • Tech Trends
  • Branding
  • Business
  • Crypto
  • Sales
  • About Us
  • Privacy Policy
  • Member Login
  • Contact Us
  • Business Coaching
  • Business Growth
  • Content Marketing
  • Branding

@Smartbusinesstips Copyright-2025-2027 Content.

Don't not sell my personal information
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up