Russia has begun to establish a national registration system for crypto mining equipment to combat illegal mining activities and increase tax revenue.

On July 7, according to Cryptonews, the Russian Ministry of Energy has begun compiling a national registration system for crypto mining equipment, aimed at combating illegal mining activities and increasing tax revenue. The registration system will serve as a central database for all equipment used for crypto mining across the country, developed jointly by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Petr Konyushenko, Deputy Minister of Energy of Russia, stated that the system will help authorities "accurately identify" who is using electricity for crypto mining, ensuring that miners comply with relevant laws and increase tax revenue.