#cryptonews
The Russian government has capped “private” or “home-based” crypto mining monthly electricity usage at 6,000kWh.
Per RBC, if miners use more than this amount, they will have to apply for a special “individual entrepreneurial” license.
However, miners who use under 6,000kWh worth of energy per month will not have to register their operations with the government. Anybody using more than this amount, however, will need to apply for a permit from the Federal Tax Service.
Under the terms of two crypto mining-related laws that came into force on November 1, crypto mining is now a legal form of enterprise in Russia.
Anton Gorelkin, the Deputy Chairman of the State Duma’s Committee on Information Policy, Information Technology, and Communications, was quoted as stating that “access to” a central registry of miners “will be exclusively official.”
Miners exceeding the cap must also “independently” provide the tax body with “data” on the crypto they mine and “the addresses of the wallets” where they hold their coins.
Among those with access to miners’ wallet addresses will be the anti-money laundering body Rosfinmonitoring. Other bodies who can request access include the Federal Security Service (FSB) and the Federal Property Management Agency, as well as the prosecution and police agency.
Gorelkin said that “only government agencies” will be able to obtain data from the registry, using an “interdepartmental interaction system.”