Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a senior Moscow lawmaker, the ranks of officially registered crypto mining companies have gone from just 91 at the start of 2024 to over 1,000 today. This sharp rise comes after a law passed in the fall of 2024 required […]
Tenfold Surge: Russian Crypto Mining Firms Rush To Go Legit Read More »
A senior Moscow lawmaker says the number of Russian crypto mining firms signed up to the Federal Tax Service’s register has risen tenfold in the past six months. The Russian media outlet RBC reported that MPs claim that more than 1,000 firms are now “legally” mining coins. And this has led one political leader to
Russia Reports x10 Rise In Registered Crypto Mining Firms Read More »
A leading Russian policymaker says authorities should be given the power to seize coins from illegal or quasi-legal Bitcoin miners. The Russian state-run news outlet TASS reported that the comments came from Yevgeny Masharov, a member of the commission of the Public Chamber of the Russian Federation for the Public Examination of Draft Laws and
Russian Policymaker Says State Should Seize Crypto From Illegal Miners Read More »
The Russian government is poised to ban domestic data processing centers from mining crypto if they use subsidized power. The Russian media outlet RBC reported that the government has revamped a draft law on mining that passed a first reading in the State Duma back in 2022. Government officials are now working with lawmakers on
Russia to Block Data Processing Centers from Mining Crypto with Cheap Power Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Russia has introduced a national registry for cryptocurrency mining hardware, marking a new step in its effort to formalize and regulate the industry. According to state-run media outlet RIA Novosti, the registry has already been deployed in key regions with high mining
Russia Cracks Down on Crypto Miners, New Registry Tracks Your Rig Read More »
The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down on illegal mining and boost tax revenues. The state-run newspaper RIA Novosti reported that the ministry is working on the plan with the Federal Tax Service and the Ministry of Digital Development. The registry, the
Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The International Monetary Fund (IMF) has reportedly rejected Pakistan’s proposal to utilize excess power to offer cheaper electricity to the crypto mining sector, despite the country’s surplus energy capacity. Pakistan’s Crypto Mining Proposal Faces Uncertainty On Thursday, news outlet Independent Urdu reported
Pakistan’s Plan For Crypto Mining Rejected By IMF Read More »
Russian police have shut down an illegal crypto mining farm operating in an industrial zone in St. Petersburg, as the internal affairs ministry has warned of a new crypto trading-themed scam. Per the media outlet RBC, officers in Russia’s second city confiscated an undisclosed number of crypto mining rigs from a warehouse in the zone,
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Three of China’s biggest Bitcoin hardware makers have quietly set up shop in the US, trying to dodge hefty import fees. Bitmain, Canaan and MicroBT together control over 90% of the world’s mining rigs. Their move comes after US President Donald Trump
95% Of Bitcoin Hardware Comes From China—Now Its Makers Are Heading To America Read More »
Russian prosecutors say they have shut down a 30,000 sqm crypto mining farm illegally operating in an industrial plant located on state-owned property. Per a Telegram post from the official account of the Krasnoyarsk Krai Prosecutor’s Office, the “open-air” facility was located in the town of Nazarovo, some 240 km west of Krasnoyarsk, in Central
Russian Authorities Discover 30,000sqm Illegal Crypto Mining Farm in Industrial Plant Read More »
