Russia expands miner regulation, requiring ASIC miners to report network addresses

According to ChainCatcher, as reported by Bits Media, the Russian government has expanded the information miners and mining infrastructure operators are required to submit to the tax authorities. Under the new regulations, the national registry for miners and operators must include network address data for devices used in cryptocurrency mining (ASIC mining machines). The Russian Ministry of Finance stated that this move aims to streamline the supervision of digital asset transactions and the investigation of violations. Moreover, grid operators will be able to more accurately monitor infrastructure loads in regions with high concentrations of mining capacity.

According to legal provisions, government agencies, courts, the Bank of Russia, and power grid operators all have access to information in the miner registry. The Federal Tax Service is responsible for maintaining the registry of miners and mining infrastructure operators. Under current law, miners and infrastructure operators (such as mining pools) are required to submit and regularly update the following information: for mining equipment, they must provide details on the manufacturer, model, serial number, algorithm, computing power, power consumption, and operating mode. Regarding mining activities: they must report the amount and type of cryptocurrency mined, the mining pool, and links to online statistical data.