Russian Federation Government Tender

The Russian government has approved requirements for cryptocurrency miners and mining infrastructure operators. This was reported by the press service of the Russian Cabinet of Ministers.

According to the decrees signed on Friday the energy consumption limit for individuals who are engaged in mining without registering as individual entrepreneurs will be 6 MWh per month At the same time they will have to provide the Federal Tax Service FTS with data on the digital currency they have received.

According to the documents individual entrepreneurs IE and organizations can mine digital currency after being included in a special register that will be maintained by the Federal Tax Service FTS Citizens who do not have the status of individual entrepreneurs can also mine within a certain energy consumption limit If the indicator is exceeded then mining can be done after the citizen is registered as an individual entrepreneur and included in the register the authors explain.

The government decrees were adopted in accordance with the law on the legalization of cryptocurrency mining in Russia which was signed by the President of the Russian Federation on August 8 and entered into force on November 1 2024. The documents establish the responsibilities of miners and operators of mining infrastructure. The responsibilities of miners include providing the Federal Tax Service with information on the amount of digital currency received and the addressidentifier to which the digital currency was credited the document says.

Operators must ensure the continuity and reliability of the services provided the protection of the information they process the stability of the power supply system and also create an internal control service and a risk management service.