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Russia is stepping up efforts to regulate cryptocurrency mining, targeting tax evasion and energy misuse. New laws require miners to register with the Federal Tax Service, with stricter rules for high-energy consumers. Despite legalization, full regulatory clarity remains elusive.
- Miners must register with the Federal Tax Service, with a 6,000 kWh monthly limit for individuals.
- Foreign nationals are barred from mining in Russia, and the government can restrict mining in specific areas.
- Despite legalization, trading cryptocurrencies remains illegal, though DeFi adoption by institutions is rising.
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