Russia Expands Crypto Mining Registry Rules With Mandatory IP Address Tracking
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Russia's Ministry of Finance updated the crypto mining registry managed by the Federal Tax Service to require registered Bitcoin and crypto miners to disclose network IP addresses linked to mining activity. Authorities say the rule is intended to detect illegal mining and improve oversight, and miners face removal from the registry or penalties for non-compliance, increasing regulatory and compliance risk for mining operators and raising privacy and operational concerns for the broader crypto sector.
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- Russia now requires crypto miners to disclose IP addresses linked to mining activity.
- Authorities say the new rules will help detect illegal mining and improve oversight.
- Miners who break regulations or submit false data risk removal from the registry.
Russia is increasing oversight of its Bitcoin and crypto mining industries by requiring legal mining operators to share the IP addresses connected to their mining activities.
The new rule was approved by the Ministry of Finance and added to the country’s crypto mining registry, which is managed by the Federal Tax Service (FTS). Officials say the change will improve transparency and help authorities identify illegal mining operations.
IP Addresses Now Required
Previously, registered miners mainly had to provide business and company details. Under the updated rules, they must also submit the network IP addresse…
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