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Reading: Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig
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The cryptonews hub > Blog > Market > Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig
Market

Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig

Crypto Team
Last updated: July 8, 2025 4:14 pm
Crypto Team
Published: July 8, 2025
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wp header logo 277 Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig

According to state-run media outlet RIA Novosti, the registry has already been deployed in key regions with high mining activity and is intended to help authorities better monitor energy usage tied to mining operations.

This effort, led jointly by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development, signals an expansion of the country’s broader regulatory oversight of the crypto mining sector.

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The creation of the registry follows previous government moves to curb unregulated mining activity, particularly in areas experiencing strain on power infrastructure.

Authorities argue that this step is necessary not only for effective taxation but also for managing regional energy stability, especially given the surge in mining linked to Russia’s low electricity costs and favorable climate for mining hardware.

In parallel with these developments, Russian officials have also implemented a multi-year ban on crypto mining in six energy-strained regions.

The country has emerged as one of the world’s leading hubs for proof-of-work mining, particularly for Bitcoin. With its vast energy resources and previously lax oversight, Russia’s share of the global hash rate has grown in recent years.

Featured image created with DALL-E, Chart from TradingView

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