Russia expands regulations on miners, requiring ASIC miners to report network addresses.
CoinFeed reported on May 24th, citing Bits Media, that the Russian government has expanded the scope of information that miners and mining infrastructure operators must submit to the tax authorities. Under the new regulations, the national register of miners and operators must include network address data for equipment used in cryptocurrency mining (ASIC miners). The Russian Ministry of Finance stated that this move aims to simplify the regulation of digital asset transactions and the investigation of violations. Furthermore, grid operators will be able to more accurately monitor the infrastructure load in areas with a high concentration of mining capacity. According to the law, government agencies, courts, Russian banks, and grid operators all have access to the information in the miners' register. The Federal Tax Service is responsible for maintaining the register of miners and mining infrastructure operators.