The Russian Ministry of Energy has created a necessary system for registering all crypto mining equipment across the country. Deputy Minister Yevgeny Grabchak leads the initiative that seeks to improve existing regulations while shutting down unauthorized mining activities despite regional bans.
Tax Compliance Measures
Through its new online system the Federal Taxation Service allows miners to simplify their earnings declaration process. Users who possess qualified electronic signatures can access specific reporting forms through the platform that serves individual and business needs. The new tax framework imposes a 15% tax rate on mining profits.
Market Impact
The improved clarity of regulatory measures has resulted in a threefold increase of industrial mining equipment demand for 2024.Furthermore, The framework is said to support both crypto mining investments as well as growth in Bitcoin and stablecoin transactions.

New Regulatory Framework
The Russian mining registry together with its tax system advances crypto integration into regulated economic operations while meeting compliance requirements as well as catering to the fast-growing crypto market.