Story perspectives

Russia Launches Bitcoin Mining Registry to Boost Compliance

7/8/2025

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Summary

Story summary

Russia's Ministry of Energy has established a registry for Bitcoin mining equipment to improve tax compliance.
The initiative involves collaboration with the Federal Tax Service and the Ministry of Digital Development.
Currently, only 30% of crypto miners are registered, highlighting significant unregulated activity.
The registry seeks to boost transparency and combat illegal mining operations.
There are concerns about security risks from including wallet addresses in the registry.

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Story summary

Russia's Ministry of Energy has established a registry for Bitcoin mining equipment to improve tax compliance.
The initiative involves collaboration with the Federal Tax Service and the Ministry of Digital Development.
Currently, only 30% of crypto miners are registered, highlighting significant unregulated activity.
The registry seeks to boost transparency and combat illegal mining operations.
There are concerns about security risks from including wallet addresses in the registry.