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According to a report by Cryptonews on July 7, the Russian Ministry of Energy has begun to compile a nationwide 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 crypto mining equipment used nationwide, jointly developed 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 miners comply with relevant laws and increasing tax revenue.