Russia issues new regulations for cryptocurrency mining, requiring miners to report their income by the 20th of each month

ChainCatcher news, according to Bitcoin.com News, Russia has released new regulations for cryptocurrency mining, requiring miners to report their income by the 20th of each month, and only approved entities can operate mining businesses. The new regulations clearly state that individuals with a financial crime record will be prohibited from engaging in cryptocurrency mining activities.

In addition, Russia will establish a national miner registration system to strengthen the regulation of the cryptocurrency mining industry.