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Crypto mining hardware sales ‘triple’ in Russia as Moscow teases ‘light touch’ regulation

Sergey Bezdelov noted that demand for crypto mining hardware increased threefold in the fourth quarter of 2024 compared to 2023. Recent legal changes now allow individuals to mine Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) under more favorable regulations.

Anatoly Aksakov highlighted the government’s intent to relax crypto regulations, enabling both companies and individuals to mine legally without excessive energy consumption. This shift has transitioned mining from a legal gray area to recognized entrepreneurship within Russia.

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