Russia Don Launch Crypto Mining Registry to Regulate Power
Russia Ministry of Energy, Federal Tax Service, and Ministry of Digital Development don launch one national crypto mining registry to stop illegal mining and reduce di pressure wey dey for power grid. Under this system, operators gats register each rig with serial number and device model. The registry go help authorities identify unlicensed farms wey dey use illegal or subsidized electricity and make dem collect 15% tax on mining revenue. Legal miners gats report their earnings and power use through one online tax platform wey dem integrate. Private people wey dey use under 6,000 kWh per month go only need declare income. By making energy use and tax clear, the crypto mining registry go support grid stability, make the sector proper, and make regulatory supervision strong.
Neutral
Di national crypto mining registry wey dem introduce dey give clear rules about mining and e join tax compliance together, dis fit make miners operational cost increase but e go beta transparency and grid stability. Short term enforcement fit reduce unauthorized mining plus small adjustment for hash rate, but e no go affect coin prices well well. Long term, formalisation plus steady energy use go support better mining ecosystem, wey go boost investor confidence. Overall, di impact on cryptocurrency prices remain neutral as di registry balance increased oversight with sector stability.