ChainCatcher news reports that Russia's comprehensive cryptocurrency mining regulations came into effect on November 1, imposing strict energy limits, mandatory registration, and rigorous oversight to reform the industry. The law officially defines mining as a legal activity in Russia, stipulating safety and operational requirements for miners and creating a framework for trading digital financial assets on specially approved platforms. This framework aims to provide clarity and oversight for Russia's growing cryptocurrency industry, in the face of increasing energy demands and concerns over illegal mining activities.Under the new regulations, only registered organizations and individual entrepreneurs can legally engage in cryptocurrency mining. However, individual Russian citizens who are not formally registered as entrepreneurs can also mine, but with a monthly electricity consumption limit of 6,000 kWh. If they exceed this limit, they will need to register as entrepreneurs to continue their mining activities. This approach ensures that smaller individual mining operations remain viable while imposing stricter requirements on larger, potentially commercial operations.The regulations also establish detailed reporting obligations for miners, requiring them to disclose the total amount of digital currency mined to the Federal Tax Service (FTS) and provide address identifiers for each transaction. This information will be accessible only to law enforcement agencies, ensuring a degree of privacy protection while enabling oversight. Additionally, miners must ensure that their operations meet standards of reliability, safety, and power stability to mitigate risks to the local power grid.