Illegal Crypto Farms and Energy Theft
🔲In Karachay-Cherkessia, three illegal crypto farms were discovered using electricity without proper metering. The organizer of the first farm installed 186 devices in a rented facility, modifying the…
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Russia Tightens Mining Regulations
🔴The Russian Ministry of Energy plans to hold regular meetings on mining regulation. The Bitcoin mining ban in 10 regions, effective January 1, 2025, has reduced the energy…
Illegal Mining in Irkutsk
🌀An illegal mining farm has been discovered in the Irkutsk region, consuming electricity equivalent to 150 households. Police seized over 130 ASIC miners, while energy providers estimated the…
Mining and Energy in the Russian Far East
🔵The Russian Far East could become a new hub for cryptocurrency mining. Deputy Prime Minister Yuri Trutnev proposed generating surplus electricity to be used for mining. This would…
New Taxes for Miners
🔘Starting January 1, 2025, Russia will implement new taxation rules for income derived from cryptocurrency mining and sales. Under Law No. 418-FZ, miners will be required to pay…
Taxation of Mining: New Rules
🟠The Russian government has approved amendments to the Tax Code regulating mining and cryptocurrency operations. Starting in 2025, miners will be subject to profit tax (for legal entities)…
Mining Ban in 13 Regions
🔴The Government Commission on Energy Development has approved a ban on cryptocurrency mining in 13 regions of Russia starting in December 2024, Deputy Energy Minister Yevgeny Grabchak announced.…
Regulation of Mining in Russia
🔵The Russian government has approved amendments to the draft law on cryptocurrency mining. Digital currencies have been recognized as property for tax purposes. Income from mining will be…
New Rules for Miners
🟦The government will gain new powers, allowing it to prohibit mining in specific regions and establish procedures for implementing such bans. The registry of miners will be transferred…
New Mining Regulations in Russia
🟡The State Duma has passed a law clarifying the regulation of cryptocurrency mining. It will come into effect on November 1, if approved by the Federation Council. 🟡The…
Mining in Russia: The Battle for Electricity
🟡Recently, Russia has become one of the leaders in cryptocurrency mining. However, this has led to electricity shortages in some regions of the country. Authorities are looking for…
Russia Legalizes Mining
🟠 Russia is starting the formation of a register of miners, which will be developed and maintained by the Federal Tax Service (FTS). The legalization of mining was…