The crypto mining craze in Russia is heating up! According to Cryptonews, the Russian State Tax Agency revealed that 150 companies have applied for crypto mining licenses. These applications were submitted after November 1, showing the strong interest of companies in crypto mining.

Federal Tax Service Director Daniel Egorov pointed out that applicants need to provide detailed information such as the crypto assets mined, crypto wallet addresses, etc. However, for private miners whose monthly electricity consumption does not exceed 6,000 kWh, they can be exempted from registration, which undoubtedly provides some flexibility for small miners. 🔍💡