Russia Introduces National Registry for Crypto Mining Hardware

Russia has launched a national registry to track cryptocurrency mining hardware, intensifying regulatory scrutiny over the sector. The registry, already operational in high-activity mining regions, aims to monitor energy consumption and streamline taxation. Led by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development, the move underscores Russia's push to formalize crypto mining amid concerns over power infrastructure strain.

Authorities argue the registry is essential for managing energy stability, particularly in regions where cheap electricity and favorable climates have spurred mining growth. The initiative follows earlier proposals to curb unregulated mining and aligns with broader efforts to tighten oversight of digital asset activities. While miners can now declare operations legally, the registry signals a shift toward stricter compliance and energy-based tracking.