Only 30% of Russian crypto miners registered, says finance ministry

Most crypto minors in Russia do not comply with the regulations that the country has imposed on mining.

Russia takes measures to legalize and regulate cryptography extraction in order to get it out of the informal economy. However, most of the country’s cryptographic minors are not relevant, according to the authorities. Tuesday, June 19, the The Ministry of Finance revealed that only 30% of minors are registered with the tax authorities concerned.

According to the vice minister of finance Ivan Chebeskov, the recording of cryptographic mining entities is always a process in progress. The authorities aim to bring minors to the regulated economy, where they can be taxed and managed.

“Our general approach, when we have introduced mining regulations into this industry, was to bring this shadow industry out as much as possible. We have not yet finished this process. Until now, only 30% of all minors have entered the register maintained by the federal tax service, and this process is still far from complete.

However, taxation is not the only reason for registration. From 2025, Russia prohibited the extraction of cryptography in certain regions with lower infrastructure, especially during peak hours. The objective is to reduce tension on electrical networks.

Russia moves to formalize cryptographic exploitation

Russia legalized cryptography in 2023 as part of its continuous efforts to impose and regulate the industry. In 2024, the country imposed a 15% tax On the benefits of exploitation of cryptocurrencies, depending on market value when received. However, he also raised certain taxes, including VAT on cryptography purchases.

For Russian citizens and companies, Bitcoin (BTC) Mining remains a profitable way to take advantage of the country’s cheap energy prices. At the same time, the low standard of living and the current sanctions make it a competitive means for individuals and companies to earn income.