Russian Ministry of Energy, Federal Tax Service, and Ministry of Digital Development to Establish National Cryptocurrency Mining Equipment Registration System

The Russian Ministry of Energy, together with the Federal Tax Service and the Ministry of Digital Development, has established a national registration system for cryptocurrency mining equipment and distributed it to regions where miners are active. Deputy Minister of Energy Petr Konyushenko stated that the system can accurately identify electricity users for mining, facilitating special supervision and taxation. According to previous regulations, legal entities and individual entrepreneurs must register to mine legally, and all miners must report their income to the tax authorities. [Russian National News Agency]