The Cabinet of Ministers of the Russian Federation reported that the government has completed the preparation of a regulatory framework establishing regulation in the field of digital currency mining.
According to the law, the study of cryptocurrency mining can be carried out by legal entities and owners after inclusion in a special register.
Ordinary citizens can also engage in mining, but not exceeding the limit of 6,000 kilowatt-hours per month. If it is exceeded, then repeated mining will require registration of an individual entrepreneur and inclusion in the register.
Persons engaged in mining must inform the Federal Tax Service about the amount of digital currency mined and information about the specific address it was transferred to. This information will only be available to the relevant authorities.
Data from the registry allows the use of sensors, the Central Bank, local energy companies and power grids.
Miners make it possible to ensure the reliability and security of the services provided, as well as the reliability of power supply.
The register will track miners involved in money laundering, those who have gone bankrupt, as well as those who mine in prohibited territories. In addition, the government may impose restrictions on mining in some regions due to possible electricity shortages.
Finally, authorities may prohibit cryptocurrencies in lower regions due to the risk of electricity shortages. [Интерфакс]
Source: Iphones RU

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