President Vladimir Putin has signed a law that will legalize cryptocurrency mining in Russia starting in November. According to the Federal Law No. 221-FZ of August 8, 2024, Russian legal entities and individual entrepreneurs registered with the Ministry of Digital Development will be able to engage in mining activities.



Russian citizens who are not individual entrepreneurs will also be allowed to mine cryptocurrencies without being included in the registry, as long as they adhere to the government-set limits on energy consumption.

Legal entities and individual entrepreneurs, after being included in the registry of mining infrastructure operators maintained by the Ministry of Digital Development, will be able to operate as mining infrastructure operators. These measures are aimed at controlling and regulating cryptocurrency mining in Russia.