Russia Launches National Registry for Cryptocurrency Mining Equipment, May Impose Taxes and Implement Regulations

According to The Block, Russia has launched a national registry of cryptocurrency mining equipment and is deploying it to regions where mining activity is active. The registry system was jointly developed by the Russian Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development, and its main goal is to accurately identify the energy consumption of mining operations. According to RIA Novosti, this lays the foundation for the implementation of taxation and regulation. [Foresight News]