The Energy Ministry of Russia has initiated a national list of crypto mining equipment to help users avoid some common tax issues and difficulties with catching their own illegal miners.
The Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development were among the agencies creating this registry, which was shared with localities with a high concentration of mining, the government newspaper RIA Novosti said on Friday.
In June, Ivan Chebeskov of the Finance Ministry noted that despite Russia’s new crypto mining legislation, only 30% of miners had registered with the tax authority since the end of 2024. As for the other 70 percent, “we’re working on how to get them to do the right thing.”
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.”
Petr Konyushenko
Russia’s Energy Ministry announced in February it planned to establish a national list of crypto mining machines and other equipment. The aim, RIA Novosti added, is to assist in efforts to halt mining at unpermissible locations.
Moscow began implementing a new crypto mining law in November to repatriate proceeds from abroad amid sanctions, when crypto mining is seen as an alternative to inflation.
This legislation defines crypto mining and indicates that mining companies must be registered with the government.
The government also outlawed crypto mining, both pools and individuals running mining operations, in 10 regions of Russia. The ban is in effect for six years, until March 15, 2031. The goal is to end power cuts, the state news agency TASS reported.
