Tenfold Surge: Russian Crypto Mining Firms Rush To Go Legit

Description

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 anyone using more than 6,000 kWh of electricity per month to sign up with the Federal Tax Service (FTS). Based on reports from Russian outlet RBC, parliament members say “white” miners now outnumber their unregistered counterparts by a mile. Rise In Registered Mining...