Russian authorities have launched a national registry of crypto mining equipment in a bid to tighten control over underground mining operations draining the country’s power grid.
The move is part of a broader campaign to legalize and regulate the mining sector, which has surged in activity despite mounting restrictions.
The initiative, developed jointly by the Ministry of Energy, Federal Tax Service, and Ministry of Digital Development, is designed to help regional officials identify and monitor large-scale energy consumption linked to unregistered mining. According to Deputy Energy Minister Petr Konyushenko, the registry enables targeted enforcement and the implementation of tailored regulations and taxes.
Though crypto mining was legalized in 2024, only a fraction of operators have formally registered. Individual citizens can mine without registration within a 6,000 kWh monthly cap, but all miners are expected to report output and earnings to the tax authority.
With rising complaints of power shortages in various regions, especially in Siberia, the Russian government is intensifying efforts to stamp out illicit operations. Authorities are now deploying tech-driven detection tools, including internet traffic analysis, to track down unlicensed miners.
Just this month, officials uncovered a massive illegal crypto farm occupying nearly 30,000 square meters in Krasnoyarsk Krai. President Putin defended recent regional mining bans, citing governors’ concerns over escalating energy deficits.
As Russia juggles its ambitions in the global crypto mining scene with internal energy demands, the new registry marks a decisive step toward tightening the leash on the booming but unruly sector.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/russia-targets-illegal-crypto-miners-with-new-national-registry/