• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
30 July Wednesday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $117,378.18 ↓ -0.28%
Ethereum Ethereum (ETH) $3,758.41 ↓ -0.60%
XRP XRP (XRP) $3.07 ↓ -1.53%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.03%
BNB BNB (BNB) $785.73 ↓ -2.08%
Solana Solana (SOL) $175.42 ↓ -3.20%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.22 ↓ -2.62%
TRON TRON (TRX) $0.33 ↓ -2.86%
Cardano Cardano (ADA) $0.75 ↓ -3.29%
Hyperliquid Hyperliquid (HYPE) $42.01 ↓ -2.86%
Sui Sui (SUI) $3.72 ↓ -2.44%
Stellar Stellar (XLM) $0.40 ↓ -3.56%
Chainlink Chainlink (LINK) $17.46 ↓ -1.81%
Bitcoin Cash Bitcoin Cash (BCH) $568.19 ↑ 0.97%
Hedera Hedera (HBAR) $0.25 ↓ -3.25%
Avalanche Avalanche (AVAX) $23.06 ↓ -4.92%
Litecoin Litecoin (LTC) $109.55 ↑ 1.25%
UNUS SED LEO UNUS SED LEO (LEO) $8.95 ↓ -0.09%
Toncoin Toncoin (TON) $3.38 ↑ 0.32%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -2.94%
Uniswap Uniswap (UNI) $9.82 ↓ -3.94%
Polkadot Polkadot (DOT) $3.75 ↓ -3.31%
Monero Monero (XMR) $308.85 ↓ -2.25%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.50 ↓ -0.70%
Pepe Pepe (PEPE) $0.00 ↓ -2.47%
Cronos Cronos (CRO) $0.14 ↑ 0.09%
Aave Aave (AAVE) $269.92 ↓ -4.22%
Ethena Ethena (ENA) $0.59 ↑ 4.82%
Bittensor Bittensor (TAO) $367.21 ↓ -3.15%
NEAR Protocol NEAR Protocol (NEAR) $2.61 ↓ -3.67%
Ethereum Classic Ethereum Classic (ETC) $21.12 ↓ -2.71%
Pi Pi (PI) $0.42 ↓ -2.45%
Aptos Aptos (APT) $4.44 ↓ -2.60%
Ondo Ondo (ONDO) $0.94 ↓ -1.52%
OKB OKB (OKB) $48.05 ↓ -0.36%
Internet Computer Internet Computer (ICP) $5.36 ↓ -1.29%
Mantle Mantle (MNT) $0.75 ↓ -1.91%
Kaspa Kaspa (KAS) $0.09 ↓ -2.60%
Bonk Bonk (BONK) $0.00 ↓ -2.11%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.21 ↓ -2.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -7.19%
Algorand Algorand (ALGO) $0.25 ↓ -3.47%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
GateToken GateToken (GT) $17.34 ↓ -1.19%
Arbitrum Arbitrum (ARB) $0.41 ↓ -3.42%
VeChain VeChain (VET) $0.02 ↓ -4.05%
Render Render (RENDER) $3.81 ↓ -2.77%
Worldcoin Worldcoin (WLD) $1.05 ↓ -2.52%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.21 ↓ -2.70%
Sky Sky (SKY) $0.08 ↓ -0.45%
Sei Sei (SEI) $0.31 ↓ -3.51%
Story Story (IP) $5.86 ↓ -0.15%
Cosmos Cosmos (ATOM) $4.37 ↓ -4.81%
Flare Flare (FLR) $0.02 ↓ -1.24%
Filecoin Filecoin (FIL) $2.46 ↓ -3.82%
SPX6900 SPX6900 (SPX) $1.79 ↓ -10.82%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.68 ↓ -3.74%
XDC Network XDC Network (XDC) $0.10 ↓ -4.60%
Jupiter Jupiter (JUP) $0.51 ↓ -4.39%
Four Four (FORM) $3.80 ↑ 1.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
KuCoin Token KuCoin Token (KCS) $11.30 ↑ 0.02%
Quant Quant (QNT) $118.20 ↓ -1.39%
Curve DAO Token Curve DAO Token (CRV) $1.02 ↑ 4.83%
Injective Injective (INJ) $13.51 ↓ -3.88%
Stacks Stacks (STX) $0.74 ↓ -4.24%
Celestia Celestia (TIA) $1.74 ↓ -5.87%
Optimism Optimism (OP) $0.69 ↓ -3.77%
Conflux Conflux (CFX) $0.23 ↑ 8.95%
FLOKI FLOKI (FLOKI) $0.00 ↓ -4.30%
Fartcoin Fartcoin (FARTCOIN) $1.04 ↓ -4.35%
Immutable Immutable (IMX) $0.54 ↓ -3.18%
Ethereum Name Service Ethereum Name Service (ENS) $27.74 ↓ -2.86%
The Graph The Graph (GRT) $0.10 ↓ -2.59%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -3.35%
PancakeSwap PancakeSwap (CAKE) $2.76 ↓ -2.08%
dogwifhat dogwifhat (WIF) $0.95 ↓ -3.01%
Kaia Kaia (KAIA) $0.16 ↓ -1.92%
PAX Gold PAX Gold (PAXG) $3,293.44 ↓ -1.26%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Lido DAO Lido DAO (LDO) $1.01 ↓ -2.87%
Sonic Sonic (S) $0.31 ↓ -0.11%
Tezos Tezos (XTZ) $0.82 ↓ -2.75%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.31 ↓ -4.11%
Nexo Nexo (NEXO) $1.32 ↑ 0.11%
Vaulta Vaulta (A) $0.53 ↓ -1.70%
Theta Network Theta Network (THETA) $0.82 ↓ -3.09%
Tether Gold Tether Gold (XAUt) $3,286.79 ↓ -1.30%
IOTA IOTA (IOTA) $0.20 ↓ -2.46%
Raydium Raydium (RAY) $2.87 ↓ -4.83%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.58%
Gala Gala (GALA) $0.02 ↓ -3.32%
The Sandbox The Sandbox (SAND) $0.28 ↓ -3.72%
Pendle Pendle (PENDLE) $4.26 ↓ -0.99%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 2.61%
Aerodrome Finance Aerodrome Finance (AERO) $0.81 ↓ -0.96%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -5.27%
Bitcoin Bitcoin (BTC) $117,378.18 ↓ -0.28%
Ethereum Ethereum (ETH) $3,758.41 ↓ -0.60%
XRP XRP (XRP) $3.07 ↓ -1.53%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.03%
BNB BNB (BNB) $785.73 ↓ -2.08%
Solana Solana (SOL) $175.42 ↓ -3.20%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.22 ↓ -2.62%
TRON TRON (TRX) $0.33 ↓ -2.86%
Cardano Cardano (ADA) $0.75 ↓ -3.29%
Hyperliquid Hyperliquid (HYPE) $42.01 ↓ -2.86%
Sui Sui (SUI) $3.72 ↓ -2.44%
Stellar Stellar (XLM) $0.40 ↓ -3.56%
Chainlink Chainlink (LINK) $17.46 ↓ -1.81%
Bitcoin Cash Bitcoin Cash (BCH) $568.19 ↑ 0.97%
Hedera Hedera (HBAR) $0.25 ↓ -3.25%
Avalanche Avalanche (AVAX) $23.06 ↓ -4.92%
Litecoin Litecoin (LTC) $109.55 ↑ 1.25%
UNUS SED LEO UNUS SED LEO (LEO) $8.95 ↓ -0.09%
Toncoin Toncoin (TON) $3.38 ↑ 0.32%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.03%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -2.94%
Uniswap Uniswap (UNI) $9.82 ↓ -3.94%
Polkadot Polkadot (DOT) $3.75 ↓ -3.31%
Monero Monero (XMR) $308.85 ↓ -2.25%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.50 ↓ -0.70%
Pepe Pepe (PEPE) $0.00 ↓ -2.47%
Cronos Cronos (CRO) $0.14 ↑ 0.09%
Aave Aave (AAVE) $269.92 ↓ -4.22%
Ethena Ethena (ENA) $0.59 ↑ 4.82%
Bittensor Bittensor (TAO) $367.21 ↓ -3.15%
NEAR Protocol NEAR Protocol (NEAR) $2.61 ↓ -3.67%
Ethereum Classic Ethereum Classic (ETC) $21.12 ↓ -2.71%
Pi Pi (PI) $0.42 ↓ -2.45%
Aptos Aptos (APT) $4.44 ↓ -2.60%
Ondo Ondo (ONDO) $0.94 ↓ -1.52%
OKB OKB (OKB) $48.05 ↓ -0.36%
Internet Computer Internet Computer (ICP) $5.36 ↓ -1.29%
Mantle Mantle (MNT) $0.75 ↓ -1.91%
Kaspa Kaspa (KAS) $0.09 ↓ -2.60%
Bonk Bonk (BONK) $0.00 ↓ -2.11%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.21 ↓ -2.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -7.19%
Algorand Algorand (ALGO) $0.25 ↓ -3.47%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
GateToken GateToken (GT) $17.34 ↓ -1.19%
Arbitrum Arbitrum (ARB) $0.41 ↓ -3.42%
VeChain VeChain (VET) $0.02 ↓ -4.05%
Render Render (RENDER) $3.81 ↓ -2.77%
Worldcoin Worldcoin (WLD) $1.05 ↓ -2.52%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.21 ↓ -2.70%
Sky Sky (SKY) $0.08 ↓ -0.45%
Sei Sei (SEI) $0.31 ↓ -3.51%
Story Story (IP) $5.86 ↓ -0.15%
Cosmos Cosmos (ATOM) $4.37 ↓ -4.81%
Flare Flare (FLR) $0.02 ↓ -1.24%
Filecoin Filecoin (FIL) $2.46 ↓ -3.82%
SPX6900 SPX6900 (SPX) $1.79 ↓ -10.82%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.68 ↓ -3.74%
XDC Network XDC Network (XDC) $0.10 ↓ -4.60%
Jupiter Jupiter (JUP) $0.51 ↓ -4.39%
Four Four (FORM) $3.80 ↑ 1.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
KuCoin Token KuCoin Token (KCS) $11.30 ↑ 0.02%
Quant Quant (QNT) $118.20 ↓ -1.39%
Curve DAO Token Curve DAO Token (CRV) $1.02 ↑ 4.83%
Injective Injective (INJ) $13.51 ↓ -3.88%
Stacks Stacks (STX) $0.74 ↓ -4.24%
Celestia Celestia (TIA) $1.74 ↓ -5.87%
Optimism Optimism (OP) $0.69 ↓ -3.77%
Conflux Conflux (CFX) $0.23 ↑ 8.95%
FLOKI FLOKI (FLOKI) $0.00 ↓ -4.30%
Fartcoin Fartcoin (FARTCOIN) $1.04 ↓ -4.35%
Immutable Immutable (IMX) $0.54 ↓ -3.18%
Ethereum Name Service Ethereum Name Service (ENS) $27.74 ↓ -2.86%
The Graph The Graph (GRT) $0.10 ↓ -2.59%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -3.35%
PancakeSwap PancakeSwap (CAKE) $2.76 ↓ -2.08%
dogwifhat dogwifhat (WIF) $0.95 ↓ -3.01%
Kaia Kaia (KAIA) $0.16 ↓ -1.92%
PAX Gold PAX Gold (PAXG) $3,293.44 ↓ -1.26%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Lido DAO Lido DAO (LDO) $1.01 ↓ -2.87%
Sonic Sonic (S) $0.31 ↓ -0.11%
Tezos Tezos (XTZ) $0.82 ↓ -2.75%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.31 ↓ -4.11%
Nexo Nexo (NEXO) $1.32 ↑ 0.11%
Vaulta Vaulta (A) $0.53 ↓ -1.70%
Theta Network Theta Network (THETA) $0.82 ↓ -3.09%
Tether Gold Tether Gold (XAUt) $3,286.79 ↓ -1.30%
IOTA IOTA (IOTA) $0.20 ↓ -2.46%
Raydium Raydium (RAY) $2.87 ↓ -4.83%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.58%
Gala Gala (GALA) $0.02 ↓ -3.32%
The Sandbox The Sandbox (SAND) $0.28 ↓ -3.72%
Pendle Pendle (PENDLE) $4.26 ↓ -0.99%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 2.61%
Aerodrome Finance Aerodrome Finance (AERO) $0.81 ↓ -0.96%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -5.27%
Home Cryptocurrency

Russia to Launch National Crypto Mining Registry to Tighten Industry Oversight

Haider Ali by Haider Ali
5 February 2025
in Cryptocurrency, News
Reading Time: 4 mins read
0
Russia to Launch National Crypto Mining Registry to Tighten Industry Oversight

Russian Energy Ministry plans to set up national registry of cryptocurrency mining equipment to regulate a booming sector. Deputy Minister of Energy Yevgeny Grabchak unveiled the proposal during a working meeting last month and it would involve tracking crypto miners and improving enforcement of regional bans related to them.

A unified registry suggested by the ministry, which RBC and a ministry official statement on its channel describe as very important for authorities in controlling energy consumption and navigating through crypto mining operations to avoid power shortages, will be crucial, the report said.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Whale Interest Surges for MoonBull Whitelist – The Top New Meme Coin to Watch as Neiro and Cat in a Dog’s World Drop
    • 3 Top Cryptos in July 2025 Everyone Is Scrambling to Get In With One Whitelist Down to the Wire
  • The Russian Far East: A New Hub for Crypto Mining?
  • National Registry to Improve Oversight of Crypto Mining
  • Russia’s Crypto Miners See a 14% Surge in Power Usage
  • Russia Seeks Control Over Crypto Mining Expansion
  • Conclusion
  • FAQs
    • 1. Why is Russia creating a crypto mining registry?
    • 2. How will it affect miners?
    • 3. Why focus on the Russian Far East?
    • Glossary of Key Terms
  • References

YOU MAY BE INTERESTED

image 856

Whale Interest Surges for MoonBull Whitelist – The Top New Meme Coin to Watch as Neiro and Cat in a Dog’s World Drop

30 July 2025
image 853

3 Top Cryptos in July 2025 Everyone Is Scrambling to Get In With One Whitelist Down to the Wire

30 July 2025

The Russian Far East: A New Hub for Crypto Mining?

Interest of Russia in doling out in the crypto mining industry has grown significantly and some state-sponsored initiatives are already getting the green light. 

Especially, the government pays attention to the development of mining projects in the Russian Far East and similar regions with a surplus of electricity. But it has come at the expense of power shortages, especially in areas that are short of energy.

Already, several Russian regions have begun wintertime mining bans to curb excessive energy use. But efforts like these have failed to eliminate the fact that a lot of miners still work in the dark, ignoring the rules. 

National Registry to Improve Oversight of Crypto Mining

Russia to Launch National Crypto Mining Registry to Tighten Industry Oversight

Official says the miners who, for a fee, rent out their rigs will also have to register and should provide a more accurate picture of the industry.“The introduction of such a national registry would allow us to control crypto miners better and make them adhere to existing and coming conditions,” Grabchak said.

Authorities have struggled to bring unregistered or ‘grey’ market miners in line. Many bans are all increasingly evading these miners, and the money they bring is also helping power shortages in some areas. Such operators will find it more difficult to function unchecked, the registry is expected to propose.

Russia’s Crypto Miners See a 14% Surge in Power Usage

Informalizing the sector also holds economic promise for the Energy Ministry. While they assert the registry could increase economic development by promoting new IT solutions and improving power delivery, it also has the potential to impede economic growth because of its sheer volume. Additionally, it would allow us to have a better idea of the mass electricity consumption of the sector in summary.

ADVERTISEMENT

“The fundamental task of the registry will be optimizing the mechanisms for identifying mining activities. This will help us effectively enforce bans on mining in regions where it is prohibited.” Russian Energy Ministry

Data shows that Russian crypto miners have been using more electricity by 14 percent over the past two years, stressing the available facilities. Also, Grabchak said, there already are miners in some areas who used up whatever grid capacity is available, and new mining entrants struggle to connect to the grid.

Russia Seeks Control Over Crypto Mining Expansion

Russia to Launch National Crypto Mining Registry to Tighten Industry Oversight

Despite being open to using cryptocurrency mining as an economic driver, it is clear that regulators want to control its expansion. If implemented, the new registry would also give the industry more structured industry policies and the opportunity for geographical mining zones in energy rich zones.

And industry insiders are waiting to see whether the proposed measures will be effective in nabbing illegal mining activities and not simply driving them underground further. Miners in Russia are breathing a little easier as the national registry develops because, as Russia evolves its crypto relationship, it could pave the way for a brighter future in mining in its borders.

Conclusion

Russia wants to set up a national mining registry to achieve two goals by developing the industry while supervising its activities more closely. Authorities want to reduce illegal mining and better control electricity supply by monitoring mining devices. How well the project works depends on strict regulation enforcement and whether miners stay within the rules or try to hide their activities.

Stay connected with TurkishNY Radio by following us on Twitter and LinkedIn, and join our Telegram channel for more news.

FAQs

1. Why is Russia creating a crypto mining registry?

To regulate the industry, track mining equipment, enforce bans, and manage power consumption.

2. How will it affect miners?

Miners must register, follow regulations, and report energy use, while illegal operators face stricter oversight.

3. Why focus on the Russian Far East?

The region has surplus electricity, making it ideal for mining, but authorities fear power shortages elsewhere.

Glossary of Key Terms

  • Crypto Mining – The process of using computer hardware to validate blockchain transactions and earn cryptocurrency rewards.
  • Unified Registry – A government database tracking crypto mining hardware and operations.
  • Grey Market Miners – Unregistered or illegal crypto miners operating outside regulations.
  • Regional Bans – Restrictions imposed by local authorities to control crypto mining due to power shortages.
  • Energy Deficient Areas – Regions facing power shortages due to excessive mining activities.
  • State-Run Projects – Government-approved initiatives to develop crypto mining within Russia.

References

rbc.ru   

Twitter  

t.me

Tags: cryptominingRussia
Previous Post

Is the End of Regulation by Enforcement in Sight? CFTC Chair Reorganizes Agency

Next Post

BONK Price Outlook: Key Levels to Watch for a Potential Recovery  

Haider Ali

Haider Ali

Haider Ali is a seasoned crypto journalist known for delivering insightful analysis and breaking news in the blockchain and cryptocurrency space. His work is featured in leading industry publications, earning him a reputation as a trusted voice in the crypto community.

SIMILAR NEWS

image 856
Cryptocurrency

Whale Interest Surges for MoonBull Whitelist – The Top New Meme Coin to Watch as Neiro and Cat in a Dog’s World Drop

30 July 2025
image 853
Cryptocurrency

3 Top Cryptos in July 2025 Everyone Is Scrambling to Get In With One Whitelist Down to the Wire

30 July 2025
Bitcoin Treasury Race Heats Up: Twenty One Capital Surpasses 43,000 BTC
Business

Bitcoin Treasury Race Heats Up: Twenty One Capital Surpasses 43,000 BTC

30 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Whale Interest Surges for MoonBull Whitelist – The Top New Meme Coin to Watch as Neiro and Cat in a Dog’s World Drop
  • 3 Top Cryptos in July 2025 Everyone Is Scrambling to Get In With One Whitelist Down to the Wire
  • Bitcoin Treasury Race Heats Up: Twenty One Capital Surpasses 43,000 BTC
  • Ethereum ETF Staking Enters SEC Spotlight With BlackRock’s Latest Move
  • Altcoin Season Warning as Cup and Handle Breakout Sparks Market Buzz

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English