TechFlow, July 7 — According to Cryptonews, the Russian Ministry of Energy has begun developing a national registration system for cryptocurrency mining equipment, aiming to combat illegal mining activities and increase tax revenues.
The registration system will serve as a central database for all equipment used in cryptocurrency mining across the country, jointly developed by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Deputy Minister of Energy Petr Konyushenko stated that the system will help authorities "precisely identify" who is using electricity for cryptocurrency mining, ensuring miners comply with relevant laws and boosting tax collection.
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