So, Russia’s energy ministry has decided to get all up in the crypto mining biz, launching a national registry to catch those pesky miners who think they can dodge taxes and steal power like it’s going out of style. 🚨💰
According to state-run newspaper RIA Novosti, the Russian Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development have teamed up to create a register and send it to regions where miners are basically having a digital gold rush. 🏭🔥
In June, Russian Finance Ministry official Ivan Chebeskov revealed that despite introducing crypto mining laws, only 30% of miners had bothered to register with the Federal Tax Service since late 2024. He also mentioned that the ministry was working on ways to bring the remaining 70% into the light. Because, you know, who doesn’t love a good audit? 🤓🔍
Russia Hopes to Tax and Regulate Crypto Mining
Deputy Energy Minister Petr Konyushenko told RIA Novosti, in a Google-translated interview, that this 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.”
Back in February, Russia’s Energy Ministry first hinted at plans to create a national registry of crypto mining rigs and related hardware to enforce bans in regions where mining is a no-go. Because apparently, some regions just can’t handle the power surge. 🌡️🚫
Some Russian Regions Ban Crypto Mining
The Russian government started enforcing a crypto mining bill in November, introducing legal definitions and registration requirements for mining businesses. But wait, there’s more! The government also banned crypto mining in 10 Russian regions for six years, hoping to prevent blackouts. Because nothing says “party” like a city-wide power outage. 🎉💡
On December 24, state-owned news agency TASS reported that the ban would be in effect until March 15, 2031. Meanwhile, on June 9, Forbes Russia mentioned that the digital development ministry was working on a new bill to increase fines for illegal crypto mining operations to 2 million Russian rubles ($25,500), up from the current 200,000 rubles ($2,534). Because, you know, when in doubt, just make the fines bigger. 💸💥
Illegal Crypto Miners Shut Down
Russian authorities have already shut down several illegal crypto-mining operations this year. On June 19, a local police representative reported that they found a mining farm in a garage complex in the city of Bataysk. Talk about a garage sale gone wrong! 🛒🛠️
And on June 14, Russian authorities shut down a crypto mining operation hidden inside a truck that was siphoning electricity from a village in the Pribaikalsky region. Because, why rent a warehouse when you can just park a truck and steal power? 🚚⚡
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2025-07-07 09:26