Crypto News (July 7, 2025) – Russia’s New Plan to Regulate Bitcoin Mining
Crypto News (July 7, 2025) – In a significant step toward tightening control over the cryptocurrency sector, Russia has officially launched a national registry of crypto mining equipment. The move is aimed at identifying illegal mining operations and enforcing regulations in regions with high energy consumption.
According to local media, the registry has already been compiled and distributed to areas with elevated mining activity. The initiative is a collaborative effort between the Ministry of Energy, the Federal Tax Service (FNS), and the Ministry of Digital Development, as part of a broader plan to legalize crypto mining and reduce unauthorized electricity usage.
Government Pushes for Regulation and Tax Compliance
Deputy Energy Minister Petr Konyushenko confirmed that the registry is already active and will help distinguish energy usage specifically tied to mining. “This is necessary to ensure crypto miners are taxed properly and monitored under a legal framework,” Konyushenko said.
The registry is also expected to strengthen enforcement in regions where crypto mining is banned due to energy shortages. Since November 2024, mining has been prohibited in 10 regions across Russia to avoid blackouts during peak electricity demand.
Legal Framework and Taxation Measures
Russia’s legal framework for crypto mining, adopted in 2023, permits mining by citizens, registered businesses, and legal entities. Unregistered individuals can still mine, but only within strict government-set energy limits.
To incentivize legal activity, the government removed VAT on crypto purchases and implemented a 15% tax on mining profits, calculated based on the market value of mined assets.
Despite this framework, 70% of miners remain unregistered, often operating via residential power lines to evade commercial energy costs, according to Deputy Finance Minister Ivan Chebeskov.
Authorities have ramped up inspections and shut down unauthorized sites. In one high-profile case, prosecutors dismantled a 30,000 square meter illegal operation in Krasnoyarsk Krai, generating $58,000 per month using public land and fake documents.
Officials also uncovered cases of bribery among utility workers and hackers using smart home devices to build hidden mining networks.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
