Russia establishes a registration system for cryptocurrency mining equipment to strengthen supervision

On July 7th, according to Coindesk, as one of the measures taken in the cryptocurrency field in the past few years, the Russian Ministry of Energy announced the establishment of a cryptocurrency mining equipment registry to identify and regulate mining operations, and subject them to new tax and regulatory rules. It is reported that the relevant registry has been distributed to areas with frequent mining activities and will help authorities track and monitor miners' energy consumption.