Russia has introduced a nationwide registry of cryptocurrency-mining equipment, marking its most comprehensive effort yet to monitor the industry’s energy consumption and curb unlicensed operations
Russia has introduced a nationwide registry of cryptocurrency-mining equipment, marking its most comprehensive effort yet to monitor the industry’s energy consumption and curb unlicensed operations. The database, jointly developed by the Energy Ministry, the Federal Tax Service and the Digital Development Ministry, has been circulated to regions with heavy mining activity, according to local media reports.
The system will record the type and capacity of hardware used by miners and link that information to electricity-use data, allowing regulators to identify unusually high loads and verify that operators are properly registered and taxed. Miners will also be required to report income generated from their activities, tightening fiscal oversight of a sector that has historically been difficult for authorities to track.
The registry forms part of a broader government crackdown on cryptocurrency transactions. On the same day, the State Labor Inspectorate, backed by the Ministry of Labor, reaffirmed that Russian companies are prohibited from paying wages in digital assets, citing labor code provisions that salaries must be settled in legal tender. Taken together, the measures signal Moscow’s intent to bring both crypto mining and payment practices firmly under existing financial and energy regulations.
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