Wu said that, according to Cryptonews, the Russian national tax authority has confirmed that Russian companies are applying for cryptocurrency mining licenses, with 150 applications submitted so far. The head of the Federal Tax Service, Daniil Egorov, stated that these applications were all submitted after November 1. Registrants must provide the Federal Tax Service with data on the cryptocurrency assets they mine, cryptocurrency wallet addresses, and other identifiers. Private miners with a monthly electricity consumption of no more than 6,000 kilowatt-hours (kWh) are exempt from registration.