Golden Finance reported that according to Cryptonews, in the fourth quarter of 2024, demand for Russian encryption mining machines and related services increased threefold year-on-year. Sergey Bezdelov, chairman of the Industrial Mining Association, said that this is due to new regulations that allow individuals and companies to mine legally within a certain energy consumption range. The new regulations give mining legal status and require miners with more than 6,000 kilowatt-hours to register, but still leave it in a looser regulatory environment. The Russian Ministry of Finance estimates that tax revenue from crypto miners could reach $500 million per year. At the same time, lawmakers said regulations could be further streamlined, especially for companies that use cryptocurrencies to circumvent sanctions, to boost the market.