Russia Goes After Illegal Miners with New Registry for Crypto Mining Rigs
8 Articles
8 Articles

Russia goes after illegal miners with new registry for crypto mining rigs
Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs
The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down on illegal mining and boost tax revenues. The state-run newspaper RIA Novosti reported that the ministry is working on the plan with the Federal Tax Service and the Ministry of Digital...
President Putin blames energy deficits for the creeping ban on crypto mining across Russia
President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto mining across his country. Putin’s comments on the matter follow a recent increase in electricity prices which, as analysts predict, is likely to affect the business of companies mining Bitcoin in the Russian Federation. Governors asked for it, Putin says of Russian mining ban Electricity shortages resulti…
Russian President Vladimir Putin explained the government's decision to ban cryptocurrency mining at the government's discretion in any region of the country. The decision is due to the growing shortage of electricity, Putin said.
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