Cryptocurrency Mining Under Full Surveillance In Russia

The Bank of Russia has announced that it plans to regularly collect data on the activities of miners and mining infrastructure operators, starting in 2026, Coinidol.com reports.

According to Bits.Media, the measure is envisaged in the draft strategy for the development of the financial market for 2026-2028 and is part of the task of monitoring systemic risks.

A strict regulation for cryptocurrency miners

The Bank of Russia want the data to be used to assess the scale of activities of companies involved in the mining of digital currencies, as well as to analyze their impact on the energy infrastructure, the Russian central bank explained.  

Earlier, according to Energy Minister, Sergei Tsivilev, the restriction on mining is some regions including the south of the Irkutsk region, in the Trans-Baikal Territory and Buryatia, as well as in the North Caucasus helped bring cryptocurrency mining out of the gray zone, the minister believes. Companies involved in the mining of virtual assets began to pay taxes to the state budget. 

“We have already felt a serious effect. More than 300 MW of capacity were able to be maintained during peak loads. I think this is a very good result."

The restrictions on cryptocurrency mining imposed by the government do not hinder the development of the energy sector and its investment attractiveness, the construction of new data processing centers is not prohibited, and work on improving the infrastructure will continue, the Minister of Energy promised.