The Russian Ministry of Energy overlooks the mandatory record of encryption mining equipment

Russia plans to increase its supervision of coding mining in the country, in order to improve government control of compliance with the prohibition of encryption mining in some areas. The Ministry of Energy is considering establishing a mandatory official record to determine the encryption mining equipment and maintain one record of encryption mining equipment. This initiative can prevent excess consumption of electricity needed to facilitate encryption mining operations, while restricting these activities in the areas where the government was banned.

The initiative suggested the Deputy Energy Minister Yivgene Grabshak, the state -owned publication in Russia I mentioned Earlier this week. The main task is to improve mining mechanisms. The Russian Ministry of Energy said in the report that it is important to adapt the law to formulate clearer criteria for classifying activities specifically as the production of the digital currency.

During, Reports Quoting the federal tax service in Russia (FNS), it is also claiming that Russian taxpayers participating in encryption companies can now announce their encrypted profits through their personal accounts.

Cryon mining is the task of generating new codes of cryptocurrencies such as Bitcoin by solving complex work proof algorithms (POW) on advanced computers. This reputable process for huge energy consumption, which disrupts energy supplies in areas where coding assets are mined.

Russia has determined an increase in encryption mining activity in 2022. At that time, Grabchak The name To eliminate the legal vacuum for organizing the activity. In 2023, Russia back As the second largest encryption mining region in the world, directly behind the United States.

The country has imposed a ban on encryption mining activities in some areas including Dagestan, Ingusheetia, Kabardino-Balkaria, Karaachay-Chairkessia and others. The ban on the air began live on January 1, and it will extend until March 15, 2031. According to the ministry’s observations, even in these areas did not end “gray mining”. In gray mining, encryption mines created their systems in their homes and grooms to continue mining.

According to the TSS report, Chairman of the State Energy Committee of the State, Nikolai Schulgagov believes that this ban may not solve the main problems, and gray mining plans may remain reserved.