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Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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July 6, 2025

The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down on illegal mining and boost tax revenues.

The state-run newspaper RIA Novosti reported that the ministry is working on the plan with the Federal Tax Service and the Ministry of Digital Development.

The registry, the ministry claims, will serve as a central database of all the equipment used for cryptocurrency mining in the nation.

Crypto Mining Rigs: Russians Must Register Hardware

Russia’s Deputy Minister of Energy, Petr Konyushenko, told RIA Novosti that the ministry has sent its draft document to regions with high levels of crypto mining activity.

Konyushenko said the registry will let Moscow “precisely identify” who in the nation is “using electricity to mine cryptocurrencies.”

This will allow regulators and tax officials to ensure miners are complying with mining-related laws. It will also help boost tax revenues, the ministry claimed. Konyushenko said:

“This is a step toward legalizing the industry and reducing illegal energy consumption.”

While legal crypto mining is on the rise in Russia, so too is the illegal sector. Scores of industrial crypto miners are known to be operating all across the country.

Many use illegal connections to power grids. And others use subsidized power intended for residential households to power their data centers.

The database will require all miners to submit rig serial numbers and device models. They will also have to submit details on other mining-related equipment.

The Energy Ministry and the Industry Ministry first proposed creating a national crypto mining equipment registry back in February this year.

Critics Unsure About Ministry Plans

Government officials said a unified registry of “equipment without which cryptocurrency mining is impossible” was needed.

The idea is not without its vociferous critics. These include the lawmaker Anton Gorelkin, one of the architects of Russia’s crypto mining laws. Gorelkin said it was “unclear how exactly this registry will help combat illegal mining.”

He added that Moscow already has the “necessary tools to identify miners who use electricity illegally.”

Legalize Black-market Rigs, Says Lawmaker

The lawmaker also explained that Moscow needed to focus its efforts on helping miners legalize crypto mining equipment bought using sanctions-evading “shadow schemes.”

This would help miners “legalize” mining rigs they buy on the black market and “quickly add them to the registry,” Gorelkin said.

The media outlet RBC reported that officials (including customs officers) are considering issuing an “amnesty” for crypto miners who have “no other choice” than to buy rigs through underground channels in a bid to evade sanctions regimes.

Earlier this month, police in Sayansk announced they had shut down an illegal crypto mining farm fitted with 240 mining rigs. Officers said the farm was using enough electricity to power 2,000 apartments.

Also this month, police in St. Petersburg said they seized an undisclosed number of crypto mining rigs operating in a warehouse in an industrial zone near the iconic Mitrofanievsky Highway.

The Zimbabwean government is trying to use blockchain to reestablish the reliability of the carbon credit market. Transparency concerns have made international investors wary of investing in this market. Meanwhile, Zap Africa is trying to cancel some of the damage caused by FTX and CBEX in the Crypto Exchange landscape. At the international level, proposed taxes on remittances from US immigrants can create opportunities for crypto platforms.

Explore these stories that make up the week’s headlines on the continent.

Zimbabwe Crypto News: Release of Blockchain Carbon Trading Registry

Zimbabwe Carbon Market Authority owns Release Blockchain carbon credit registry to increase transparency in the carbon credit sector. This move comes as governments try to increase the reliability of the carbon market following years of unpredictable policy decisions.

The implementation of blockchain-based systems is directed at restoring investors’ trust in this sector.

The international carbon credit market is growing, with Gulf countries, Western countries and businesses looking to offset some of their carbon emissions with credits from developing countries.

The Zimbabwean government expects the move to be important in enhancing the country’s profile on the international stage.

Explore: 10 Best AI Crypto Coins to Invest in 2025

Nigeria Crypto News: ZAP Africa Reconstruction

Cryptocurrency exchange Zap Africa is I’m watching Reconstructing the reliability of Nigeria’s crypto exchanges.

Co-founder Tobi-Asu Johnson argues that their efforts are driven by damage to the reputation of international exchanges such as FTX and Celsius.

Locally, the collapse of the CBEX exchange left thousands of Nigerians in Limbo, adding more eggs to the face of the industry.

ZAP promotes crypto swaps and exchange services from banks to crypto and crypto, indirectly allowing African investors to be exposed to some 1000x cryptography opportunities. Furthermore, their focus on lower custody is one way to reduce the points of failure in exchange.

Exchange your ciphers with Fiat faster, easier, and at the best speed.

Tell your friends to tell your friends pic.twitter.com/vg4xkued8t

– Zap Africa (@getzapnow) May 14, 2025

Given the bad press created by the collapse of CBEX, this effort must be collaborative and consistent.

Explore: 10 coins with high returns: Crypto Forecast 2025

African Crypto News: 5% Remittance Proposal

The Trump administration is considering it Impressive 5% tax on remittances by non-citizens in the US as part of a broader shift in immigration policy.

Migrant remittances from Africa, Latin America and South Asian countries are major contributors to their respective economies and families.

The proposal could quickly affect countries like Nigeria, where families in their hometown receive billions of dollars in immigrant remittances. Most of these remittances are through digital service providers like PayPal, and could enforce US-directed taxes. This tax could force some immigrants to consider alternatives, boosting some adoption The best code for purchasing including Bitcoin.

(btcusdt)

The code is borderless. As a result, it is difficult for authorities to implement taxes on such transfers. At first glance, this proposal will help to promote the adoption of crypto. This is because more migrants prefer crypto rails than traditional remittance solutions.

Discover: 17 Next Cryptocurrency Explosions in 2025: Experts’ Cryptocurrency Prediction and Analysis

Post Africa Crypto Week of Review: Zimbabwe Blockchain Carbon Registry, Zap Africa Reconstruction Trust in Nigeria, first appeared in 99 Bitcoin.